501 PATTON CIR #L
About This Property
The well thought out open floor plan places each bedroom on opposite ends of the unit, ensuring maximum privacy. Each bedroom boasts its own private full bath. The primary bedroom has a walk-in closet. Water and trash are included in the HOA. Owner occupied only.
Recent upgrades include new LVP flooring, quartz countertops, carpet in bedrooms, HVAC 6/22, hot water heater 2/23, bathroom vanities, toilets, recessed lighting, fixtures, plumbing and electrical updates.
Located just a short walk from Dutch's Daughter for dining. This home is perfectly situated near parks, downtown Frederick, shopping centers, grocery stores, restaurants, and all commuter routes, offering both convenience and accessibility.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Listed by EXP Realty, LLC | $295,000 | |
| Listed by EXP Realty, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/06/2026
|
2 Bed
|
2 Bath
|
1165 ft²
|
$285,000
2 Bed
2 Bath
1165 ft²
|
-
-
|
Nickolaus Waldner
Keller Williams Realty Centre
| |
|
02/20/2025
|
2 Bed
|
2 Bath
|
1165 ft²
|
$295,000
2 Bed
2 Bath
1165 ft²
|
$295,000
04/01/2025
|
Michael Lidie
EXP Realty, LLC
| |
|
12/01/2024
|
2 Bed
|
2 Bath
|
1165 ft²
|
$200,000
2 Bed
2 Bath
1165 ft²
|
$210,000
+5.00%
12/19/2024
|
Kelly Losquadro
Long & Foster Real Estate, Inc.
| |
|
07/11/2024
|
2 Bed
|
2 Bath
|
1165 ft²
|
$265,000
2 Bed
2 Bath
1165 ft²
|
$270,000
+1.89%
08/30/2024
|
Chris Reeder
Frederick
| |
|
06/29/2023
|
2 Bed
|
2 Bath
|
1165 ft²
|
$279,900
2 Bed
2 Bath
1165 ft²
|
$265,000
-5.32%
08/31/2023
|
James Bass
Real Estate Teams, LLC
| |
|
06/23/2023
|
2 Bed
|
2 Bath
|
1163 ft²
|
$235,000
2 Bed
2 Bath
1163 ft²
|
$253,000
+7.66%
07/26/2023
|
Shannon Flannery
Maurer Realty
| |
|
09/28/2021
|
2 Bed
|
2 Bath
|
1163 ft²
|
$216,000
2 Bed
2 Bath
1163 ft²
|
-
-
|
Suzanne Marsh
Marsh Realty
| |
|
04/26/2019
| |
2 Bed
|
2 Bath
|
-
|
$189,900
2 Bed
2 Bath
|
-
-
|
-
|
|
04/14/2017
|
2 Bed
|
2 Bath
|
1158 ft²
|
$159,000
2 Bed
2 Bath
1158 ft²
|
$159,000
05/12/2017
|
Carl Becker
Premier Properties, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017