$575,000
●
House -
Off Market
506 ELM STREET
FREDERICK, MD 21701
4 Beds
1 Bath,
2
Half Baths
2,145 Ft²
$3,532
Est. Monthly
About This Property
This stunning, beautiful home is in the highly sought-after Hood
College/Baker Park neighborhood. The home seamlessly blends
historic charm with modern conveniences. There are so many
things to love about this house: four finished levels, cozy front
porch, living room with a gas fireplace, spacious dining room with
large windows, renovated kitchen with island with seating,
stainless steel appliances, floor to ceiling cabinets, first floor
half bath, French door, rear yard with extensive hardscape and
privacy fence, second level with three bedrooms. One bedroom has a
private porch overlooking the rear yard. The third level is the
primary suite. The lower level makes a great rec room. Sq ft has
been corrected on this listing the tax record is not correct.
The sq ft have been verified by an appraiser. Come
check out this property designed for both comfort and entertaining.
Unit Size
2,145 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$273
Property Type
House
Property Taxes
$659
HOA Dues
-
Year Built
-
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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 #MDFR2081654)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Price Decreased |
$585,000
↓ $14K
(2.3%) | |
| Price Decreased | |||
| May 21, 2026 | Price Decreased |
$599,000
↓ $36K
(5.7%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Real Estate Teams, LLC | $635,000 | |
| Listed by Real Estate Teams, LLC | |||
Property Highlights
Fireplace
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
About Frederick
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Listed by: Margaret M McEvoy
Real Estate Teams, LLC
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDFR2081654
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Real Estate Teams, LLC
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDFR2081654
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