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722 IRON FORGE ROAD #218
About This Property
This beautifully finished corner end-unit offers the rare combination of true main-level living, an attached one-car garage, and private outdoor space. Skip the construction wait and start enjoying your new home right away.
Inside, you'll find an open-concept layout featuring luxury vinyl plank flooring, granite countertops, white shaker cabinetry, ceramic tile, smart stainless steel appliances, an electric fireplace, and oversized windows that fill the home with natural light. The main-level primary suite, main-level laundry, and no-step entry provide everyday convenience, while the upper-level bedroom and full bath offer ideal space for guests, a home office, or additional living space.
Step outside to your private patio-an uncommon feature in condo living and the perfect spot to enjoy your morning coffee or unwind at the end of the day.
Beyond the beautiful finishes, the quality of construction sets this home apart. Features include engineered LVL beam construction, soundproofing and fire blocking between units, R-49 insulation, Low-E windows, insulated ThermaTru door, and deluxe tiled showers with Schluter waterproofing systems backed by a lifetime warranty. Enjoy additional peace of mind with a 2-year mechanical warranty and 10-year structural warranty.
Conveniently located near Downtown Frederick, shopping, dining, parks, and major commuter routes including I-70, I-270, and Route 15, this move-in-ready home offers an exceptional opportunity to own brand-new construction with outstanding incentives, quality craftsmanship, and low-maintenance living.
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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 |
|---|---|---|---|
| Aug 12, 2026 | Price Decreased |
$339,999
↓ $8K
(2.3%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$348,150
↓ $10K
(2.8%) | |
| Price Decreased | |||
| May 26, 2026 | Price Decreased |
$358,150
↓ $10K
(2.7%) | |
| Price Decreased | |||
| May 13, 2026 | Relisted | $368,150 | |
| Relisted | |||
| May 10, 2026 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/10/2025
| |
3 Bed
|
2 Bath
|
2222 ft²
|
$383,983
3 Bed
2 Bath
2222 ft²
|
$405,983
+5.73%
01/28/2026
|
Melissa Lambert
Long & Foster Real Estate, Inc.
|
|
03/31/2025
| |
3 Bed
|
2 Bath
|
2527 ft²
|
$488,926
3 Bed
2 Bath
2527 ft²
|
$488,926
12/30/2025
|
Melissa Lambert
Long & Foster Real Estate, Inc.
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017