5513 CORRAL LN
About This Property
This four-bedroom, three-and-a-half-bath house is loaded with character! The home has beautiful chocolate-colored, wide-plank bamboo floors throughout, espresso-trimmed gorgeous French doors, and exposed brick in the great room. Lovely arched windows overlook a conservation area filled with mature trees. The large, freshly painted kitchen boasts stainless steel appliances including a brand-new dishwasher and a stove and refrigerator replaced in 2021. The den has a gas fireplace surrounded by book cabinets for a cozy feel.
The spacious master bedroom has a custom-built walk-in closet and an updated ensuite bathroom. The other bedrooms are also roomy, and the largest one also has an ensuite bathroom and walk-in closet. Brand new (2022) septic and septic D-Box. Other updates include a new driveway ($12, 000) replaced (2022) and a recently installed heat pump (2018,) and Culligan water filtration system. The water heater and pressure tank are all recently replaced as well.
Hillside Estates is a sought-after area in Frederick where each home is custom-built, and they rarely come up for sale. There is no HOA or city tax, yet Hillside Estates is only minutes from the boutiques and restaurants of the lovely, historic downtown area.
There is also a park and ride at Mt. Zion Park only a few minutes away that offers a free shuttle service to meet the Marc train at Point of Rocks for an easy commute to Rockville or DC Union Station.
Don't miss this one! Photos are from this past summer.
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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 |
|---|---|---|---|
| Feb 15, 2023 | Sold | ||
| Sold | |||
| Feb 9, 2023 | No longer available | - | |
| No longer available | |||
| Jan 9, 2023 | In contract | - | |
| In contract | |||
| Jan 5, 2023 | Listed by Compass | $635,000 | |
| Listed by Compass | |||
| Aug 5, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017