$370,000
●
Condo -
Off Market
2500 WATERSIDE DR #306
FREDERICK, MD 21701
2 Beds
3 Baths,
1
Half Bath
1,359 Ft²
$2,264
Est. Monthly
$446
HOA / Fees
5.27%
Cap Rate
About This Property
**Elegant Third-Floor Condominium with Modern Upgrades**
Welcome to a beautifully appointed 2-bedroom, 2.5-bath third-floor condominium- a rare Fairfax model in Park Place at Wormans Mill. that seamlessly combines comfort and sophistication. The home features hardwood flooring in the main living areas, newer carpeting in the bedrooms, some new light fixtures, fresh paint, and a BRAND NEW high efficiency gas heating and central air conditioning system.
Step outside to enjoy the fresh air on your private balcony, or relax indoors by the cozy gas two-sided fireplace-perfect for chilly evenings. The spacious primary suite features three closets, a luxurious soaking tub, and a stall shower with a conveniently placed laundry room tucked away from the main living area.
Included in the purchase is 1 deeded garage space and 1 storage unit in the secure storage building.
Not all of the condominiums in the buildings have this perk. You also get to enjoy all of the Wormans Mill community activities and offerings such as the inground pool, community building, basketball and tennis courts, playground and walking trails.
Contact the listing agent for your private tour.
Welcome to a beautifully appointed 2-bedroom, 2.5-bath third-floor condominium- a rare Fairfax model in Park Place at Wormans Mill. that seamlessly combines comfort and sophistication. The home features hardwood flooring in the main living areas, newer carpeting in the bedrooms, some new light fixtures, fresh paint, and a BRAND NEW high efficiency gas heating and central air conditioning system.
Step outside to enjoy the fresh air on your private balcony, or relax indoors by the cozy gas two-sided fireplace-perfect for chilly evenings. The spacious primary suite features three closets, a luxurious soaking tub, and a stall shower with a conveniently placed laundry room tucked away from the main living area.
Included in the purchase is 1 deeded garage space and 1 storage unit in the secure storage building.
Not all of the condominiums in the buildings have this perk. You also get to enjoy all of the Wormans Mill community activities and offerings such as the inground pool, community building, basketball and tennis courts, playground and walking trails.
Contact the listing agent for your private tour.
Unit Size
1,359 Ft²
Days on Market
-
Land Size
-
Price per sqft
$272
Property Type
Condo
Property Taxes
$429
HOA Dues
$446
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: 2 years ago (Bright MLS #MDFR2061706)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $370,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| | |||
|
**Elegant Third-Floor Condominium with Modern Upgrades**
Welcome to a beautifully appointed 2-bedroom, 2.5-bath third-floor condominium- a rare Fairfax model in Park Place at Wormans Mill. that seamlessly combines comfort and sophistication. The home features hardwood flooring in the main living areas, newer carpeting in the bedrooms, some new light fixtures, fresh paint, and a BRAND NEW high efficiency gas heating and central air conditioning system.
Step outside to enjoy the fresh air on your private balcony, or relax indoors by the cozy gas two-sided fireplace—perfect for chilly evenings. The spacious primary suite features three closets, a luxurious soaking tub, and a stall shower with a conveniently placed laundry room tucked away from the main living area.
Included in the purchase is 1 deeded garage space and 1 storage unit in the secure storage building.
Not all of the condominiums in the buildings have this perk. You also get to enjoy all of the Wormans Mill community activities and offerings such as the inground pool, community building, basketball and tennis courts, playground and walking trails.
The condo is currently tenant occupied. The images shown are of the condominium with the tenant's personal items.
| |||
| Apr 1, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $370,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Oct 9, 2012 | Sold | ||
| Sold | |||
Show More
Property Highlights
Elevator
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Features: Basement Garage, Garage - Side Entry, Garage Door Opener, Inside Access
Parking Features: Parking Lot, Parking Garage
Garage Spaces: 1
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on Main Level: 2
Interior Features: Breakfast Area, Dining Area, Primary Bath(s), Built-Ins, Crown Moldings, Window Treatments, Wood Floors, Bathroom - Soaking Tub, Bathroom - Stall Shower, Carpet, Ceiling Fan(s), Floor Plan - Open, Walk-in Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Gas, Washer, Water Heater
Flooring Type: Ceramic Tile, Carpet, Hardwood
Living Area Square Feet Source: Estimated
Wall & Ceiling Types
Laundry Type: Dryer In Unit, Washer In Unit
Has Fireplace
Fireplace - Glass Doors
Fireplaces: 1
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Property Condition: Excellent
Year Built Source: Estimated
Builder Name: WORMALD
Builder Name: WORMALD
Other Structures: Above Grade
Structure Type: Unit/Flat/Apartment
Window Features: Insulated, Double Hung
Construction Materials: Combination, Brick
Unit Building Type: Garden 1 - 4 Floors
Building Name: WORMANS MILL
Outdoor Living Structures: Balcony
Community Pool
Tidal Water: N
Land Assessed Value: $295,000
Finished Square Feet: 1359
Finished Square Feet Source: Estimated
Financial Details
County Tax: $2,976
County Tax Payment Frequency: Annually
City Town Tax: $2,157
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $295,000
Tax Year: 2024
Tax Annual Amount: $5,153
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: 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: Insurance, Pool(s), Snow Removal, Trash, Common Area Maintenance, Lawn Maintenance, Road Maintenance, Custodial Services Maintenance, Reserve Funds
HOA/Condo/Coop Amenities: Basketball Courts, Club House, Common Grounds, Elevator, Jog/Walk Path, Pool - Outdoor, Pool Mem Avail, Security, Tennis Courts, Tot Lots/Playground
HOA Fee: $90
HOA Fee Frequency: Monthly
Condo/Coop Fee: $356
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: Allison Zerr
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDFR2061706
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.
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDFR2061706
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