16835 PETMAR CIRCLE
About This Property
Recent improvements add tremendous value and modern appeal throughout the home. Fresh paint has been completed throughout, creating a clean, neutral backdrop ready for your personal touch. Luxury Vinyl Plank (LVP) flooring has been installed across both the main living level and the fully finished lower level, including the laundry area, delivering durability, style, and easy maintenance.
Updated lighting fixtures have been installed, enhancing both functionality and ambiance in every room; Brand New Dishwasher Installed for fully equipped modern kitchen appliances! The lower step-in/out living space has been significantly improved with newer replacement casement windows, allowing for increased natural light and added comfort.
A standout feature of this home is the expanded bedroom count. With the installation of proper closets and two means of egress for each room, the lower level now includes two additional potential bedrooms-5 BEDROOMS in Total. This is a huge value add, offering flexibility for guests, home office space, fitness areas, or extended household living.
The step-out lower level provides direct access to the exterior, making it ideal for entertaining, recreation, or private living quarters. The functional layout offers distinct yet connected living spaces, accommodating a variety of lifestyle needs.
Situated on a quiet circle location, the property benefits from a peaceful residential setting while remaining conveniently located near shopping, dining, parks, and commuter routes. Public records reflect solid construction and a layout designed for comfortable everyday living.
If you've been searching for a move-in ready home with substantial finished space, modern updates, and true five-bedroom functionality, this property delivers exceptional value and versatility. Don't miss the opportunity to own a thoughtfully updated home with expanded living potential in a desirable area of Hagerstown.
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Price Decreased |
$279,900
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Mar 5, 2026 | Price Decreased |
$289,900
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Feb 24, 2026 | Listed by Homecoin.com | $299,900 | |
| Listed by Homecoin.com | |||
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About Fountainhead-Orchard Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017