$359,900
●
Condo -
Off Market
2500 WATERSIDE DR #115
FREDERICK, MD 21701
2 Beds
3 Baths,
1
Half Bath
1,368 Ft²
$360,503
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Welcome to your new home at beautiful Park Place Condominiums
! Located in the Multi Award Winning community of
Worman's Mill. This turn key Condominium will
meet all your expectations. Freshly painted with warm tones,
new stainless steel kitchen appliances PLUS New carpet and pad!
There's nothing left to do but call the movers and
enjoy the "lock and go" lifestyle today. The thoughtful
floor plan boast a Living room with a two -sided fireplace &
bookcases , separate Dining Room a spacious kitchen with a
bay window Breakfast room. The sun filled
Guest room with windows on two sides features an en suite
bath. The oversize Owners Bedroom offer tons of closet space
with custom built-ins. The Owners bathroom has a separate
shower and a separate laundry room with a NEW dryer and
cabinets above. Upgraded Woodwork and Moldings throughout the
home! This residence comes with not one but TWO parking
spaces. One in the covered/ secure Garage, space #8 and the
other just outside the front door, space #8. BTW.....this
home includes an additional on-site secure Storage Locker.
Centrally located in the community you are a short stroll to The
Clubhouse and The Village Square. Imagine Walking to
all you enjoy. The Nail & Hair Spa, multiple Restaurants, Live
Music, Car Shows and much more. A day at the The
Clubhouse more of your style? There you will find your
neighbors enjoying the Relaxing Pool or a game of
Tennis, perhaps a Workout or a friendly Game of Cards. Keep your
golf game sharp with your own Putting Green! Located minutes
from additional shopping including Wegman's and
numerous boutique shops. Eight Minutes to
Downtown Frederick where the enjoyable options are endless!
Seller prefers to utilize settlement services at
McLister & Foley in Frederick. Act swiftly before someone
else is having all the fun...........
Unit Size
1,368 Ft²
Days on Market
-
Land Size
-
Price per sqft
$263
Property Type
Condo
Property Taxes
$311
HOA Dues
$405
Year Built
-
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Cap Rate Calculator
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Income Per Year
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Operating Profit Per Year
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: 4 years ago (Bright MLS #MDFR2035704)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2023 | Sold | ||
| Sold | |||
| Jun 13, 2023 | Listed by Mead Properties, Inc. | $359,900 | |
| Listed by Mead Properties, Inc. | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Features: Additional Storage Area, Basement Garage, Garage Door Opener
Parking Features: Parking Garage, Parking Lot, Off Street, Other
Garage Spaces: 1
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms on Main Level: 2
Interior Features: Breakfast Area, Built-Ins, Carpet, Crown Moldings, Elevator, Flat, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Gourmet, Window Treatments, Wainscotting, Tub Shower, Sprinkler System, Air Filter System
Appliances: Built-In Microwave, Water Heater, Washer, Stainless Steel Appliances, Oven/Range - Gas, Oven - Self Cleaning, Energy Efficient Appliances, Refrigerator, Dishwasher
Living Area Square Feet Source: Assessor
Has Fireplace
Gas/Propane, Double Sided
Fireplaces: 2
Exterior Details
Ownership Interest: Condominium
Year Built Source: Assessor
Builder Name: Wormald
Builder Name: Wormald
Other Structures: Above Grade, Below Grade
Roof: Asphalt
Structure Type: Unit/Flat/Apartment
Construction Materials: Asphalt, Concrete, Shake Siding, Other
Unit Building Type: Garden 1 - 4 Floors
Community Pool
Tidal Water: N
Land Assessed Value: $251,667
Finished Square Feet: 1368
Finished Square Feet Source: 1368
Financial Details
County Tax: $2,206
County Tax Payment Frequency: Annually
City Town Tax: $1,519
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $251,667
Tax Year: 2022
Tax Annual Amount: $3,726
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Programmable Thermostat, Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Lawn Maintenance, Insurance, Management, Reserve Funds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Basketball Courts, Club House, Common Grounds, Community Center, Exercise Room, Fitness Center, Game Room, Jog/Walk Path, Library, Party Room, Picnic Area, Pool - Outdoor, Putting Green, Recreational Center, Swimming Pool, Tennis Courts, Other
HOA Fee: $56
HOA Fee Frequency: Monthly
Condo/Coop Fee: $349
Washer/Dryer/Hook Up in Unit: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/21/2026
|
2 Bed
|
2 Bath
|
1493 ft²
|
$395,000
2 Bed
2 Bath
1493 ft²
|
-
-
|
Laura Stang
L. P. Calomeris Realty
| |
|
01/02/2026
|
2 Bed
|
2 Bath
|
1350 ft²
|
$395,000
2 Bed
2 Bath
1350 ft²
|
$390,000
-1.27%
01/16/2026
|
Ana Dubin
Long & Foster Real Estate, Inc.
| |
|
12/11/2025
|
2 Bed
|
2 Bath
|
1350 ft²
|
$374,900
2 Bed
2 Bath
1350 ft²
|
$370,000
-1.31%
02/25/2026
|
Ann Meehan
Compass
| |
|
06/18/2025
|
2 Bed
|
2 Bath
|
1140 ft²
|
$349,900
2 Bed
2 Bath
1140 ft²
|
$342,500
-2.11%
07/30/2025
|
Julie Byrd
Long & Foster Real Estate, Inc.
| |
|
05/09/2025
|
2 Bed
|
2 Bath
|
1140 ft²
|
$350,000
2 Bed
2 Bath
1140 ft²
|
$340,000
-2.86%
07/08/2025
|
Tracy Clark
Atlantic Real Estate, LLC
| |
|
04/01/2025
|
2 Bed
|
3 Bath
|
1359 ft²
|
$370,000
2 Bed
3 Bath
1359 ft²
|
-
-
|
Allison Zerr
Compass
| |
|
01/07/2025
|
3 Bed
|
3 Bath
|
1378 ft²
|
$390,000
3 Bed
3 Bath
1378 ft²
|
$395,000
+1.28%
01/31/2025
|
Andrea Howe
RE/MAX Results
| |
|
03/29/2024
|
2 Bed
|
3 Bath
|
1524 ft²
|
$390,000
2 Bed
3 Bath
1524 ft²
|
$390,000
05/17/2024
|
Stephanie Barton
Charis Realty Group
| |
|
10/14/2023
|
2 Bed
|
2 Bath
|
1350 ft²
|
$360,000
2 Bed
2 Bath
1350 ft²
|
$349,900
-2.81%
01/26/2024
|
Judith Martin
Century 21 Redwood Realty
| |
|
09/15/2023
|
2 Bed
|
3 Bath
|
1493 ft²
|
$359,900
2 Bed
3 Bath
1493 ft²
|
$365,000
+1.42%
10/19/2023
|
Allison Meador
Market Realty
| |
|
08/10/2023
|
2 Bed
|
2 Bath
|
1350 ft²
|
$349,900
2 Bed
2 Bath
1350 ft²
|
$360,000
+2.89%
08/25/2023
|
Judith Martin
Century 21 Redwood Realty
| |
|
06/13/2023
|
2 Bed
|
3 Bath
|
1368 ft²
|
$359,900
2 Bed
3 Bath
1368 ft²
|
$359,900
06/23/2023
|
Daryl Andrews
Mead Properties, Inc.
| |
|
02/24/2023
|
2 Bed
|
2 Bath
|
1493 ft²
|
$349,900
2 Bed
2 Bath
1493 ft²
|
$349,900
03/31/2023
|
Marilynn Anderson
RE/MAX Plus
| |
|
05/27/2022
|
2 Bed
|
3 Bath
|
1365 ft²
|
$349,900
2 Bed
3 Bath
1365 ft²
|
-
-
|
Ken Grant
RE/MAX Plus
| |
|
08/03/2021
|
2 Bed
|
2 Bath
|
1524 ft²
|
$310,000
2 Bed
2 Bath
1524 ft²
|
$320,000
+3.23%
10/12/2021
|
Andrew A Werner Jr.
RE/MAX Realty Group
| |
|
05/19/2021
|
3 Bed
|
2 Bath
|
1383 ft²
|
$260,000
3 Bed
2 Bath
1383 ft²
|
$275,000
+5.77%
07/15/2021
|
Jocelyn Vas
| |
|
02/18/2021
|
2 Bed
|
2 Bath
|
1140 ft²
|
$249,500
2 Bed
2 Bath
1140 ft²
|
-
-
|
-
| |
|
09/10/2020
|
2 Bed
|
3 Bath
|
1493 ft²
|
$269,000
2 Bed
3 Bath
1493 ft²
|
$275,000
+2.23%
10/26/2020
|
Nancy Bowlus
| |
|
09/03/2020
|
2 Bed
|
3 Bath
|
1493 ft²
|
$284,900
2 Bed
3 Bath
1493 ft²
|
-
-
|
-
| |
|
09/01/2020
|
2 Bed
|
2 Bath
|
1528 ft²
|
$315,000
2 Bed
2 Bath
1528 ft²
|
-
-
|
-
| |
|
07/28/2020
|
2 Bed
|
2 Bath
|
1140 ft²
|
$265,000
2 Bed
2 Bath
1140 ft²
|
$240,000
-9.43%
12/10/2020
|
Robert Krop
| |
|
07/25/2020
|
2 Bed
|
3 Bath
|
1365 ft²
|
$215,000
2 Bed
3 Bath
1365 ft²
|
-
-
|
-
| |
|
07/10/2020
|
2 Bed
|
3 Bath
|
1493 ft²
|
$274,900
2 Bed
3 Bath
1493 ft²
|
$278,000
+1.13%
09/10/2020
|
Nancy Bowlus
| |
|
04/03/2020
|
3 Bed
|
2 Bath
|
1410 ft²
|
$240,000
3 Bed
2 Bath
1410 ft²
|
-
-
|
-
| |
|
09/26/2019
|
3 Bed
|
2 Bath
|
1381 ft²
|
$230,000
3 Bed
2 Bath
1381 ft²
|
-
-
|
-
| |
|
05/03/2019
|
2 Bed
|
3 Bath
|
1359 ft²
|
$240,000
2 Bed
3 Bath
1359 ft²
|
-
-
|
-
| |
|
02/27/2019
|
2 Bed
|
2 Bath
|
1147 ft²
|
$223,500
2 Bed
2 Bath
1147 ft²
|
$217,000
-2.91%
05/21/2019
|
Chris Thompson
| |
|
02/05/2019
|
2 Bed
|
3 Bath
|
1370 ft²
|
$239,000
2 Bed
3 Bath
1370 ft²
|
$219,000
-8.37%
05/22/2019
|
James Bass
| |
|
10/19/2018
|
2 Bed
|
2 Bath
|
1169 ft²
|
$200,000
2 Bed
2 Bath
1169 ft²
|
-
-
|
-
| |
|
09/13/2018
|
2 Bed
|
3 Bath
|
1359 ft²
|
-
2 Bed
3 Bath
1359 ft²
|
-
-
|
-
| |
|
09/07/2018
|
2 Bed
|
2 Bath
|
1163 ft²
|
-
2 Bed
2 Bath
1163 ft²
|
-
-
|
-
| |
|
05/30/2018
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1336 ft²
|
-
2 Bed
2 Bath
1336 ft²
|
-
-
|
-
|
|
09/21/2016
|
3 Bed
|
3 Bath
|
1394 ft²
|
$224,900
3 Bed
3 Bath
1394 ft²
|
$224,900
01/03/2017
|
Elaine Koehl
RE/MAX Results
| |
|
09/08/2016
|
2 Bed
|
2 Bath
|
1339 ft²
|
$199,900
2 Bed
2 Bath
1339 ft²
|
$199,900
11/18/2016
|
James Aspey
Bach Real Estate
| |
|
03/21/2016
|
2 Bed
|
2 Bath
|
1179 ft²
|
$179,900
2 Bed
2 Bath
1179 ft²
|
$179,900
07/14/2016
|
Lucretia Golden
Bach Real Estate
| |
|
01/20/2016
|
3 Bed
|
3 Bath
|
2433 ft²
|
$379,000
3 Bed
3 Bath
2433 ft²
|
$369,000
-2.64%
05/31/2016
|
Lori Duke
Century 21 Redwood Realty
| |
|
04/28/2015
|
2 Bed
|
2 Bath
|
1501 ft²
|
$229,900
2 Bed
2 Bath
1501 ft²
|
$240,000
+4.39%
06/17/2015
|
Jill Coleman
RE/MAX Realty Centre, Inc.
| |
|
03/12/2015
|
2 Bed
|
2 Bath
|
1493 ft²
|
$219,900
2 Bed
2 Bath
1493 ft²
|
$221,000
+0.50%
04/23/2015
|
Sue Collins
RE/MAX Results
|
Building Info
2500 Waterside Drive
2500 Waterside Drive, Frederick, MD 21701
- 2 Units for Sale
About Wormans Mill
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,400 /mo
- 3 Beds
- 2 Baths
- 2,168 ft²
$1,775 /mo
- 2 Beds
- 1 Bath
- 1,380 ft²
Listed by: Daryl Andrews
Mead Properties, Inc.
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDFR2035704
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.
Mead Properties, Inc.
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDFR2035704
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