5111 CONTINENTAL DR
About This Property
The homeowner has invested a lot of resources and work to ensure this stunning 5,300 sq ft home is completely move-in ready with all new carpeting throughout the upper-level large family room and 4 bedrooms, refinished main staircase, luxury vinyl park (LVP) throughout the massive lower-level recreation room and 5th bedroom, and a complete water softener system. As a bonus, all FIVE of the large wall-mounted TVs convey! Notable features include a spacious 2-car garage, sunny 2-story formal foyer with a completely open concept main level, a generously sized dining room, gourmet kitchen, living room, study/office, powder room, and access to the large deck with a gas-fed grill. The office/study and powder room can be converted into a main-level primary bedroom and en-suite bathroom, providing maximum flexibility to customize the space to your taste and needs. The upper level is bright and sunny with a large open family room, a spacious primary suite with an expansive en-suite bathroom and walk-in closet, 3 additional bedrooms, 2 additional full bathrooms, and a sizable laundry room. The lower level features new hardwood stairs leading down to the massive 26 x 17(!) recreation room with brand new luxury vinyl plank flooring, a 5th bedroom, and another full bathroom. Finally, the lower level features walk-out access to the fully fenced backyard and a large storage room. The home is only 6 years old and is situated on the outer edge of the Westview South community, looking out to trees that provide privacy and coziness despite its size and openness. There is always something going on in this vibrant and active community with amenities that include a large pool, fitness center, clubhouse, and playground. There is easy access to Ballenger Creek Trail, downtown Frederick, multiple local and state parks, shopping, dining, I-270, I-70, and many attractions.
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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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Listed by Long & Foster Real Estate, Inc. | $750,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 30, 2018 | Listed | $541,640 | |
| Listed | |||
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Mitchell & Best brings their high end luxury homes to Westview South, Frederick's most conveniently located community. 1 mile to I270, 4 miles to downtown, walk to shopping, dining & movies! Clubhouse/Fitness Center now open, Pool in Section 2. Direct access to Ballenger Creek Trail.$5,000 in closing costs and Free luxury upgrade finish package! Sales office open daily 11-5.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017