$185,000
●
Condo -
Off Market
501 PROSPECT BOULEVARD
FREDERICK, MD 21701
2 Beds
1 Bath
1,142 Ft²
$1,452
Est. Monthly
$230
HOA / Fees
10.75%
Cap Rate
About This Property
1st Floor ground level!!! Welcome home to this bright,
spacious 2-bedroom, 1-bath condominium at Jefferson Chase , 1142
sgft of open living space. Large windows flood the living and
dining areas with natural light. The updated kitchen boasts granite
countertops, modern cabinetry, and ample storage. all new
appliances, In-unit laundry (stacked washer/dryer) adds
convenience. Enjoy new luxury vinyl plank flooring (verify), and
relax on your private balcony/patio.
The building offers controlled access for added security, and residents enjoy well-maintained common areas, on-site maintenance, and ample parking. Excellent location - walk to shopping & restaurants, easy access to I-270 / I-70, and short drive to downtown Frederick. Perfect opportunity for first-time buyers or those seeking low-maintenance living in a highly desirable neighborhood.
The building offers controlled access for added security, and residents enjoy well-maintained common areas, on-site maintenance, and ample parking. Excellent location - walk to shopping & restaurants, easy access to I-270 / I-70, and short drive to downtown Frederick. Perfect opportunity for first-time buyers or those seeking low-maintenance living in a highly desirable neighborhood.
Unit Size
1,142 Ft²
Days on Market
-
Land Size
-
Price per sqft
$175
Property Type
Condo
Property Taxes
$239
HOA Dues
$230
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: 5 months ago (Bright MLS #MDFR2071002)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Relisted | $200,000 | |
| Relisted | |||
| Jan 3, 2026 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Price Decreased |
$200,000
↓ $15K
(7%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Rooms: 6
Exterior Details
Has Property Attached
Square Footage: 1142
Square Footage Source: $0
Architectural Style: Other
Year Built Source: Estimated
Year Built: 1964
Levels: 1
Other Structures: Above Grade
Construction Materials: Brick
Water Source: Public
Financial Details
Tax Annual Amount: $2,868
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Water, Snow Removal, Sewer, Lawn Care Front, Lawn Care Rear
HOA/Condo/Coop Amenities: Exercise Course, Fitness Center, Picnic Area
Condo/Coop Fee: $230
Condo/Coop 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 |
|---|---|---|---|---|---|---|---|
|
04/29/2026
|
2 Bed
|
1 Bath
|
1142 ft²
|
$219,900
2 Bed
1 Bath
1142 ft²
|
$214,900
-2.27%
05/21/2026
|
Dana Ashlock
Samson Properties
| |
|
09/28/2025
| |
2 Bed
|
1 Bath
|
1142 ft²
|
$225,000
2 Bed
1 Bath
1142 ft²
|
$185,000
-17.78%
05/11/2026
|
Jerred Gray
Kelley Real Estate Professionals
|
|
09/12/2025
|
2 Bed
|
1 Bath
|
1142 ft²
|
$214,900
2 Bed
1 Bath
1142 ft²
|
$214,900
11/14/2025
|
Kellie Plucinski
North Potomac/Rockville
| |
|
08/21/2025
|
2 Bed
|
1 Bath
|
1142 ft²
|
$215,000
2 Bed
1 Bath
1142 ft²
|
$170,000
-20.93%
01/23/2026
|
Victoria Capone
RE/MAX Realty Group
| |
|
01/10/2025
|
2 Bed
|
1 Bath
|
1142 ft²
|
$255,900
2 Bed
1 Bath
1142 ft²
|
$217,500
-15.01%
04/14/2025
|
Danny Troupos
Long & Foster Real Estate, Inc.
| |
|
08/26/2023
|
1 Bed
|
1 Bath
|
810 ft²
|
$159,900
1 Bed
1 Bath
810 ft²
|
$170,000
+6.32%
09/15/2023
|
Milagros Tecson
Fairfax Realty Select
| |
|
08/12/2022
|
2 Bed
|
1 Bath
|
910 ft²
|
$185,999
2 Bed
1 Bath
910 ft²
|
-
-
|
Dinorah Iriarte
Ikon Realty
| |
|
07/19/2022
|
2 Bed
|
1 Bath
|
-
|
$185,000
2 Bed
1 Bath
|
$182,000
-1.62%
10/31/2022
|
Carolyn Young
RE/MAX 1st Realty
| |
|
04/16/2021
|
2 Bed
|
1 Bath
|
1142 ft²
|
$154,950
2 Bed
1 Bath
1142 ft²
|
-
-
|
-
| |
|
02/15/2020
|
2 Bed
|
1 Bath
|
1142 ft²
|
$100,000
2 Bed
1 Bath
1142 ft²
|
-
-
|
-
| |
|
09/06/2018
|
1 Bed
|
1 Bath
|
893 ft²
|
-
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
Building Info
About Carrollton
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Listed by: Jerred Gray
Kelley Real Estate Professionals
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDFR2071002
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.
Kelley Real Estate Professionals
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDFR2071002
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