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305 COLLEGE PLACE
About This Property
The home's flexible layout is ideal for multigenerational living or aging in place, with two primary ensuite bedrooms-one on the main level, fully updated in 2024 with heated floors, a jacuzzi tub, dual sinks, lighted mirrors, plus a new combo washer/dryer for ultimate convenience. Upstairs, the second primary suite features heated marble floors, dual vanities, a walk-in tile shower, two spacious closets, including a cedar closet.
Two additional bedrooms and a brand-new hall bathroom (2025) with a great shower complete the upper level. The finished lower level offers a brand-new basement (2025) with wall-to-wall carpet, brand new boiler, new water heater, and a second laundry area (washer 2013, dryer 2019). The finished space is all ready for a home office, rec room, and/or craft space.
Enjoy year-round comfort with separate AC zoning for the main level and upstairs, central heat, and new LED lighting strategically throughout. Outdoor living is a dream: the fenced rear yard features an inground pool maintained by Propools (2025), a hot tub, a pergola, a koi pond, and one of Frederick County's oldest Lebanon Cedars, complete with a commemorative plaque. The property includes a 2 car detached garage, with an additional private off-street parking for 3 more cars. There is ample space for storage either using the outdoor shed or the clean empty attic.
This home is more than just a place to live-it's a lifestyle. Enjoy beautiful views from every window, original stained glass, tasteful landscaping, and the warmth of a close-knit, friendly community. Schley Park, maintained by the city but cared for by neighboring owners, creates a quaint, private atmosphere while keeping you close to dining, shopping, and all that downtown Frederick has to offer. Don't miss your chance to own this extraordinary property-schedule your private tour today and discover why this is the perfect place to call home. *Check out the 3D Floor Plan Walkthrough & Video*
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017