$505,000
●
House -
Off Market
221 WASHINGTON ST
FREDERICK, MD 21701
3 Beds
2 Baths,
1
Half Bath
1,410 Ft²
$2,431
Est. Monthly
About This Property
Beautifully restored and remodeled TH just 2 blocks to Carroll
Creek, Baker Park and Market Street restaurant district! Fully
finished lower level offers expanded living with family room,
exercise room, and finished storage or home office! Fully custom
eat-in kitchen with wood floors, stainless appliances, double ovens
and gas cook top, custom finished ceiling height cabinetry and tile
backsplash with custom solid-surface countertops. The kitchen opens
to a rear entertaining size deck, privacy walled garden with fish
pond, and additional patio areas for expanded entertaining plus
garden shed with plenty of storage and shelving. Back inside enjoy
high ceilings, hardwood floors, large windows, central air and heat
plus gravity flow gas back up system. See the attached document
outlining the timeline of improvements which include NEW: roof,
windows, kitchen, appliances, baths, 2nd floor fully custom bath
includes walk-in shower and heated floors, newer HVAC, newly lined
chimney, recently finished basement and so much more. A rare find
in the heart of downtown walkable to every reason one enjoys being
in the city!
Unit Size
1,410 Ft²
Days on Market
23 days
Land Size
0.05 acres
Price per sqft
$351
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDFR2045088)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Mar 9, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by Long & Foster Real Estate, Inc. | $495,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Air Conditioning
With View
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About Frederick
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Listed by: Robert Whalen
Long & Foster Real Estate, Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDFR2045088
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Long & Foster Real Estate, Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDFR2045088
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