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714 IRON FORGE ROAD
About This Property
This thoughtfully designed condo offers 3 spacious bedrooms, 2.5 baths, and two terraces - perfect for soaking in the scenic mountain views. Enjoy the ease of a dedicated street-level front door or enter through the attached 1-car garage, where a private staircase leads into the heart of the home.
The main level is an entertainer's dream with its expansive open-concept layout, a striking 12-foot kitchen island, family room, dining area, office nook, powder room, and both terraces. The conveniently located primary bedroom suite is located on this main level and features a generous walk-in closet and a spa-inspired bath.
Upstairs, you'll find two spacious bedrooms, a full bath with dual sinks, and a laundry area-ideal for guests, family, or additional work-from-home space.
Perfectly located just minutes from I-70, I-270, and Route 15, this vibrant community offers easy access to shopping, dining, hiking trails, and all the charm of downtown Frederick.
Don't miss this opportunity to own a home where style, comfort, ease and location come together - schedule your private tour today!
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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 |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Nov 17, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Price Increased |
$405,515
↑ $15K
(3.8%) | |
| Price Increased | |||
| Nov 3, 2025 | Listed by Long & Foster Real Estate, Inc. | $390,515 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/04/2025
| |
3 Bed
|
2 Bath
|
2527 ft²
|
$527,503
3 Bed
2 Bath
2527 ft²
|
$527,503
12/31/2025
|
Melissa Lambert
Long & Foster Real Estate, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017