227 WYNGATE DRIVE
About This Property
Located in Frederick's established Wyngate neighborhood, this home has been carefully maintained over the years with important improvements already completed, including a newer roof and replacement windows. Fresh paint throughout creates a clean, bright backdrop while the original details give the home character and offer the next owner an exciting opportunity to update at their own pace.
Beautiful hardwood floors run throughout the main level, where you'll find comfortable living spaces filled with natural light. The original kitchen has stood the test of time with solid wood cabinetry, generous counter space, and plenty of potential for someone who loves authentic mid-century style-or wants to create a kitchen that's completely their own.
And then there's the bathroom! The charming vintage purple tile is a wonderful reminder of the home's 1960s roots and adds a little personality you simply won't find in today's new construction.
The lower level nearly doubles the usable space of the home with the same footprint as the main level. A large finished rec room is ready for fun from day one-and the pool table conveys! Whether you're hosting game night, watching movies, or simply looking for another place to spread out, this level provides valuable additional living space. A large unfinished room houses the washer and dryer and provides excellent storage with room for a workshop, hobbies, or future possibilities.
Outside, enjoy a level backyard with plenty of room for gardening, play, or outdoor entertaining, plus the convenience of an attached one-car carport.
**Perfectly livable today and full of possibilities for tomorrow, 227 Wyngate Drive is an opportunity to purchase a well-cared-for Ausherman home and make it uniquely yours.**
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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%.
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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 15, 2026 | Sold | ||
| Sold | |||
| Sep 5, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by Bach Real Estate | $375,000 | |
| Listed by Bach Real Estate | |||
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About Wyngate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017