$274,500
●
House -
Off Market
2502 SHELLEY #1B
FREDERICK, MD 21702
2 Beds
2 Baths
1,366 Ft²
$1,875
Est. Monthly
$500
HOA / Fees
6.71%
Cap Rate
About This Property
*SELLER OFFERING 6 MONTHS CONDO FEES PREPAID WITH AN OFFER!*
PRICE IMPROVEMENT! Welcome to this stunning 2-bed, 2-bath Ridgeview Condo! As you step inside, you'll be greeted by the natural light flooding through the oversized windows, creating a bright and inviting atmosphere. The kitchen features a daylight eat in area and a pantry for added storage convenience. The living room features a working fireplace, perfect for cozy evenings. The dining area leads directly to a private outdoor patio area- perfect for entertaining. The primary ensuite bathroom showcases a separate shower and a walk-in closet, providing both comfort and functionality. Additionally, residents can enjoy the convenience of in-unit laundry with a washer and dryer included. This condo also offers an elevator, assigned parking, a community pool, and walking paths. Don't miss the opportunity to make this condo your new home and experience the luxurious lifestyle it has to offer. Schedule a viewing today and envision yourself living in this exceptional property.
PRICE IMPROVEMENT! Welcome to this stunning 2-bed, 2-bath Ridgeview Condo! As you step inside, you'll be greeted by the natural light flooding through the oversized windows, creating a bright and inviting atmosphere. The kitchen features a daylight eat in area and a pantry for added storage convenience. The living room features a working fireplace, perfect for cozy evenings. The dining area leads directly to a private outdoor patio area- perfect for entertaining. The primary ensuite bathroom showcases a separate shower and a walk-in closet, providing both comfort and functionality. Additionally, residents can enjoy the convenience of in-unit laundry with a washer and dryer included. This condo also offers an elevator, assigned parking, a community pool, and walking paths. Don't miss the opportunity to make this condo your new home and experience the luxurious lifestyle it has to offer. Schedule a viewing today and envision yourself living in this exceptional property.
Unit Size
1,366 Ft²
Days on Market
38 days
Land Size
-
Price per sqft
$205
Property Type
House
Property Taxes
$300
HOA Dues
$500
Year Built
-
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Cap Rate Calculator
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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 #MDFR2051320)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2024 | Sold | ||
| Sold | |||
| Sep 1, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Price Decreased |
$280,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Jul 11, 2024 | Listed by Compass | $290,000 | |
| Listed by Compass | |||
Property Highlights
Elevator
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on Main Level: 2
Interior Features: Combination Kitchen/Dining, Other
Living Area Square Feet Source: Estimated
Has Fireplace
Gas/Propane
Fireplaces: 1
Exterior Details
Ownership Interest: Condominium
Year Built Source: Estimated
Other Structures: Above Grade
Structure Type: Other
Construction Materials: Brick
Building Name: RIDGEVIEW CONDOS
Community Pool
Tidal Water: N
Land Assessed Value: $222,667
Finished Square Feet: 1366
Finished Square Feet Source: Estimated
Financial Details
County Tax: $2,138
County Tax Payment Frequency: Annually
City Town Tax: $1,463
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $222,667
Tax Year: 2024
Tax Annual Amount: $3,601
Year Assessed: 2024
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: Snow Removal, Trash, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds
HOA/Condo/Coop Amenities: Basketball Courts, Elevator, Jog/Walk Path, Lake, Pool - Outdoor, Soccer Field, Tennis Courts, Tot Lots/Playground
HOA Fee: $500
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
10/03/2025
|
2 Bed
|
2 Bath
|
1300 ft²
|
$285,000
2 Bed
2 Bath
1300 ft²
|
$276,000
-3.16%
12/17/2025
|
Elizabeth Carswell
Frederick Land & Home, LLC.
| |
|
09/27/2024
|
2 Bed
|
2 Bath
|
1300 ft²
|
$274,500
2 Bed
2 Bath
1300 ft²
|
$262,500
-4.37%
01/03/2025
|
Steven Petruzzello
Ascent Real Estate LLC
| |
|
07/11/2024
|
2 Bed
|
2 Bath
|
1366 ft²
|
$290,000
2 Bed
2 Bath
1366 ft²
|
$274,500
-5.34%
10/09/2024
|
Michelle R Kemerer
Compass RE
| |
|
02/26/2024
|
2 Bed
|
2 Bath
|
1390 ft²
|
$295,000
2 Bed
2 Bath
1390 ft²
|
$295,000
04/05/2024
|
Robert Marsh
Marsh Realty
| |
|
11/29/2023
|
2 Bed
|
2 Bath
|
1398 ft²
|
$285,000
2 Bed
2 Bath
1398 ft²
|
$301,000
+5.61%
12/21/2023
|
Roben Ryberg
RE/MAX Results
| |
|
03/24/2021
|
2 Bed
|
2 Bath
|
-
|
$213,900
2 Bed
2 Bath
|
$220,000
+2.85%
05/06/2021
|
Jacqueline Clayton
Coldwell Banker Realty
|
Building Info
2502 Shelley Circle
2502 Shelley Circle, Frederick, MD 21702
- 1 Unit for Sale
About Whittier
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Listed by: Allison Battista
Compass
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDFR2051320
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.
Compass
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDFR2051320
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