163 GRAND DRIVE
About This Property
How about we start with how it lives? Everything you need day to day is right there on one floor. The spacious, light-filled living room stretches the full width of the house, so there is finally room for the furniture you actually own. The kitchen is the heart of it - a deep run of warm oak cabinetry, a stainless refrigerator and range, and a window above the sink where you can keep an eye on the yard while you cook. There's space for a real table right there in the same light, which is where everyone is going to end up anyway.
Then there's downstairs, and this is the unique part. Roughly 966 square feet of walkout lower level, with true daylight windows and a full-size door that opens straight out onto the grass. It's already framed and plumbed for a third full bath. Picture a family room, a workshop, a home office - or a guest suite with an entrance all its own, which is a rare thing to find anywhere near this price. No pressure and no timeline. It will be there to fill the role you choose whenever you're ready for it!
And then that back yard. Level, green, wide open, and standing right in the middle of it a brick outdoor fireplace that somebody built by hand to last. Light it on a cool October evening and see if anyone wants to go back inside.
Underneath all the charm is a sound, sensible house: built in 2001, with an architectural shingle roof, central air and a heat pump, on public water and public sewer. No well, no septic, no monthly fee, no approval board to tell you what to you can and can't do.
1,108 finished square feet on the main level, and nearly a thousand more waiting below. Just off Route 140, so Westminster and its hospital, Target and TownMall are roughly twelve miles down one road, and Frederick is about half an hour out. Gettysburg is close enough for a Saturday. Taneytown itself keeps more than 220 acres of parkland, free and open year round - ball fields and tennis courts at Memorial Park, a paved trail along Piney Creek at Bollinger. And if you work at Evapco or Flowserve, your commute is measured in minutes.
Come see it. Showings are by appointment with an hour's notice - let's get you on the calendar!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2026 | In contract | - | |
| In contract | |||
| Oct 8, 2026 | Listed by Allfirst Realty, Inc. | $289,900 | |
| Listed by Allfirst Realty, Inc. | |||
| Jun 29, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017