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7049 CATALPA ROAD
About This Property
The spacious floor plan features a bright morning room off the kitchen, generous living and dining rooms, a separate laundry room, and a den/office that has been converted into a third bedroom. A brand-new roof, 2-year-old central A/C system, and large walk-in shower are already in place.
But the real showstopper is out back! Imagine relaxing on your patio beneath the wood pergola, watching the wildlife and enjoying breathtaking sunsets over the Catoctin Mountains and you are only 2 miles from Baker Park, Downtown Frederick and Carroll Creek Promenade. This is the kind of setting that rarely becomes available!
The home needs renovation, but the possibilities are endless! With your personal touches and creative vision, you can turn this home into your very own masterpiece. After all, you can change just about everything about a house, but you can't recreate a lot like this!
Crestwood Village I is a highly sought-after 55+ community offering an exceptional lifestyle with amenities that include a clubhouse, fitness center, library, banquet room, game and billiards rooms, swimming pool, mini golf, tennis, pickleball, horseshoes, shuffleboard, and a full calendar of activities. The HOA provides lawn care, gutter cleaning, basic cable, and snow removal, allowing you to enjoy low-maintenance living with the added benefit of no city taxes. Ideally located just minutes from shopping, dining, historic Downtown Frederick, and major commuter routes, this home offers the perfect combination of comfort, convenience, privacy, and an active lifestyle.
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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 |
|---|---|---|---|
| Oct 30, 2026 | Listed by Maryland Elite Realtors | $394,900 | |
| Listed by Maryland Elite Realtors | |||
| Jan 25, 2022 | Sold | ||
| Sold | |||
| Jan 6, 2022 | No longer available | - | |
| No longer available | |||
| Dec 23, 2021 | In contract | - | |
| In contract | |||
| Dec 15, 2021 | Listed by Maryland Elite Realtors | $350,000 | |
| Listed by Maryland Elite Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017