501 STONE CHAPEL ROAD
About This Property
As one of the few surviving examples of 18th-century Georgian architecture in Carroll County, Avondale is more than just a home-it's a living piece of history.
Thoughtfully updated for modern comfort, the home is now equipped with central HVAC while preserving its rich architectural character. A spacious two-story northwest wing extends the living space. At the rear of the house, the brick patio has been enclosed to create a beautiful sunroom-offering peaceful garden views and a quiet place to unwind. A quaint summer kitchen affectionately called "the pink house" adds historic charm and possible rental income.
Outdoors, you'll find lush landscaped gardens filled with a vibrant variety of plants and flowers, an old iron quarry that has naturally turned into a tranquil pond, and even a charming meandering creek. It's truly magical. The grounds also feature a barn with 2 garage bays, a pool, a poolhouse with a gazebo, an original smokehouse, and a charming summer kitchen complete with 1 bedroom and 1 bathroom-ideal for guests, extended family, or rental opportunities. You'll also find chicken coops, a peacock pen, and a pig pen because sometimes our best friends have four legs or wings.
Having previously operated as a Bed and Breakfast and wedding venue, the estate offers a stunning backdrop for gatherings and celebrations. Whether hosting unforgettable events or simply enjoying the tranquility of the land, Avondale is the perfect place to create beautiful, lasting memories.
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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%.
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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by Berkshire Hathaway HomeServices Homesale Realty | $1,200,000 | |
| Listed by Berkshire Hathaway HomeServices Homesale Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017