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1815 GRANBY WAY
About This Property
7,088 finished square feet. Under $127 per square foot. In Walnut Ridge, that math almost never happens. The seller just cut another $25,000 and is ready to move. If 1815 Granby Way was ever on your shortlist, stop waiting. Your best offer could be the one that wins it.
Why buyers keep coming back? Space you simply cannot find at this price. A grand foyer with crown molding and gleaming hardwoods. A dramatic double staircase. A gourmet kitchen with a large island, upgraded counters, a butler's pantry, and a double wall oven. A family room with a gas fireplace and a formal dining room made for hosting.
Upstairs, the primary suite is your private retreat, with a soaking tub and a massive walk in closet. Every bedroom is generously sized, so everyone gets room to breathe.
This home is built for how you live now. A main level office handles hybrid work or doubles as a guest room. Dual laundry keeps a busy household moving. The fully finished walkout lower level adds a dedicated media room plus wide open flex space for a gym, theater, or playroom. It all sits on a private 0.28 acre lot with a two car attached garage.
The location keeps paying you back. You are minutes from Historic Downtown Frederick, the only Maryland city to win the National Trust's Great American Main Street Award. Spend Friday nights on Carroll Creek Promenade and weekends exploring 200+ local shops, galleries, breweries, and restaurants. Frederick's booming biotech economy, led by Fort Detrick and the National Cancer Institute, makes this a smart place to put down roots. Commuting is easy too, with Interstate 270 and the MARC train connecting you to D.C. and Baltimore.
Here is the bottom line. Homes this size rarely come up in Walnut Ridge, and almost never at this price. Price drops like this bring buyers back fast. Tour this weekend. Bring your best offer. Do not let someone else take the deal you have been waiting for.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$899,999
↓ $25K
(2.7%) | |
| Price Decreased | |||
| Sep 17, 2026 | Price Decreased |
$925,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jul 26, 2026 | Listed by RE/MAX Results | $935,000 | |
| Listed by RE/MAX Results | |||
| Nov 25, 2025 | Price Decreased |
$974,900
↓ $15K
(1.5%) | |
| Price Decreased | |||
| Nov 19, 2025 | Price Decreased |
$989,900
↓ $10K
(1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017