1
Map
$510,000
●
House -
Off Market
26417 MULLINIX MILL ROAD
MOUNT AIRY, MD 21771
3 Beds
2 Baths
2,112 Ft²
$2,880
Est. Monthly
About This Property
Unique opportunity for a woodworker, hobbyist, artist or anyone who
could use some outbuilding space. 3 Bedroom, 2 Full Bath (one
on each level) rancher situated on just over an acre in a rural
setting. Most of the home has been freshly painted and new carpet
on the main level. New main level refrigerator and stove.
There is also another kitchen area in the walk-out lower
level. A deck overlooks the rear yard. Outbuildings
include an approx. 45 x 27 main building with an approx. 45 x 18
bay and a separate storage/office/den area. The building has
electric including a 220 plug. Convenient location - minutes
to Damascus or Mt. Airy. Located adjacent to the Damacus
Chapter of the Izaak Walton League. Home overlooks
agricultural setting.
Unit Size
2,112 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$236
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
1985
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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 months ago (Bright MLS #MDMC2129048)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | In contract | - | |
| In contract | |||
| May 3, 2024 | Listed by RE/MAX Realty Centre, Inc. | $498,000 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
| | |||
|
Unique opportunity for a woodworker, hobbyist, artist or anyone who could use some outbuilding space. 3 Bedroom, 2 Full Bath (one on each level) rancher situated on just over an acre in a rural setting. Most of the home has been freshly painted and new carpet on the main level. New main level refrigerator and stove. There is also another kitchen area in the walk-out lower level. A deck overlooks the rear yard. Outbuildings include an approx. 45 x 27 main building with an approx. 45 x 18 bay and a separate storage/office/den area. The building has electric including a 220 plug. Convenient location - minutes to Damascus or Mt. Airy. Located adjacent to the Damacus Chapter of the Izaak Walton League. Home overlooks agricultural setting.
| |||
| Oct 7, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Montgomery
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Listed by: Lynn A Holland
RE/MAX Realty Centre, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDMC2129048
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RE/MAX Realty Centre, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDMC2129048
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