247 DILL AVENUE
About This Property
Inside, historic character meets modern comfort with 10+ foot ceilings, pocket doors, and oversized windows that fill the home with natural light. The spacious family room features a gas fireplace and custom built-in bookshelves, creating a warm and inviting gathering space.
The renovated kitchen is a chef's dream, outfitted with commercial-grade appliances including a Viking range and GE Monogram refrigerator, quartz countertops, glass-front cabinetry, and a secondary prep sink. The adjoining dining room offers an elegant setting for entertaining, complete with a second fireplace (gas line roughed-in).
Upstairs, the primary suite includes a generous walk-in closet and conveniently located laundry. Two additional bedrooms open to a screened sleeping porch - an ideal retreat for relaxing evenings or quiet mornings. A second-floor bathroom features in-floor radiant heating for added comfort. The third level provides two more bedrooms and a full bath, offering flexible space for guests, home offices, or creative use, along with excellent storage.
Outdoors, the private backyard is designed for low-maintenance, urban living. The saltwater pool serves as the centerpiece, surrounded by turf landscaping and complemented by a covered lower-level porch perfect for shaded lounging or outdoor dining. For added peace of mind, the pool area can accommodate a removable safety fence, and the home is equipped with a built-in alarm system that chimes when doors and windows are opened. The yard is fully fenced and includes off-street parking for two on a concrete pad.
Additional updates include a fully rebuilt exterior chimney (2018), along with numerous thoughtful improvements throughout the home.
This timeless Frederick residence blends historic architecture, modern livability, and an unbeatable walk-to-everything location - offering a rare opportunity just steps from Baker Park, downtown shops, dining, and events.
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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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Jan 24, 2026 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by RE/MAX Results | $999,990 | |
| Listed by RE/MAX Results | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017