532 DRY RUN ROAD
About This Property
Nestled in a private, serene setting, this beautifully remodeled 4-bedroom, 3-bathroom home offers modern updates and expansive living spaces both inside and out. With over 2,800 sq. ft. of finished space, this home has been thoughtfully upgraded, featuring a brand-new roof, HVAC system, water softener system and water heater, ensuring comfort and efficiency for years to come. All water lines have been replaced with PEX!
The open-concept main level includes a spacious living room, a fully updated kitchen with premium finishes, and a dining area that leads to a large deck – perfect for outdoor entertaining. The finished basement adds 2 more bedrooms, 1 full bathroom and even more living space, ideal for a family room, home office, or recreational area.
The attached oversized garage provides ample storage, while the detached garage, complete with 8 horse stalls, offers incredible versatility for hobbyists, equestrians, or those in need of extra workspace. A heated office space is also located in the garage.
Enjoy the peace and privacy of over an acre of land, all while being just minutes away from the best of Deep Creek Lake. Whether you're looking for outdoor adventure or relaxation, this home is conveniently located near Savage River Reservoir, New Germany State Park, and an array of other recreational amenities.
This property is truly a rare find-schedule your showing today and make it yours!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Price Decreased |
$479,900
↓ $15K
(3.1%) | |
| Price Decreased | |||
| Apr 11, 2025 | Relisted | $495,000 | |
| Relisted | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017