517 FAIRVIEW AVENUE
About This Property
Beautifully modernized while honoring its timeless character, this stunning home is the perfect blend of classic craftsmanship and contemporary style. Step inside and be greeted by gorgeous oak hardwood floors, elegant curved archways, soaring 9-foot ceilings, and timeless built-in bookshelves.
The inviting family room features a gas fireplace and an abundance of natural light. The kitchen has been updated with white cabinetry and luxurious Carrara marble countertops, flowing seamlessly into a flexible dining area - perfect for entertaining or everyday living.
Upstairs, you'll find three generously sized bedrooms and a beautifully renovated full bathroom adorned with elegant marble tiling. The finished lower level offers valuable additional flex space, ideal for a home office, recreation room, or guest suite with a large and updated full bathroom. On this level, you'll also find a spacious separate laundry room with room for storage.
The east-facing front of the home welcomes the morning sun, while the fully fenced backyard sits on a flat lot and provides an exceptional amount of outdoor space with alley access, a side porch, and an expansive stone patio shaded by a magnificent London Plane (Sycamore) tree - complete with a professional lightning protection system. Additional highlights include off-street driveway parking, durable Hardiplank siding, a roof with long-lasting architectural shingles, and an electrified shed for all your storage needs.
Efficiency and comfort are top of mind with a dual-zone HVAC system and energy-efficient windows throughout.
And the location? Simply unbeatable. Just 4 blocks to Baker Park, 3 blocks to the beloved Common Market, 2 blocks to Hood College, and a leisurely 20-minute stroll to the heart of vibrant downtown Frederick. Quick access to Route 15, I-270, and I-70 makes commuting a breeze.
This is the one you've been waiting for - schedule your showing today!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017