$650,000
●
House -
Off Market
7627 IRONGATE LANE
FREDERICK, MD 21702
5 Beds
3 Baths
2,603 Ft²
$3,352
Est. Monthly
8.10%
Cap Rate
About This Property
Welcome home to 7627 Irongate Lane! This meticulously maintained,
100+ year-old home blends historic charm with modern features. It
boasts an updated kitchen, a large eat-in kitchen, renovated
bathrooms-including a primary suite-plus updated plumbing,
electrical, and beautiful hardwood floors, all while preserving its
rich history. Cozy up by the potbelly stove or enjoy the
convenience of a side-entry mudroom and a partial home generator.
The property includes a large detached garage, the original milk
house, a small pole barn, a pond, a spacious stone patio, a deck,
and 1.39 acres of land.
NEW electric panel, NEW HVAC, NEW plumbing, 5yr old Metal Roof
NEW electric panel, NEW HVAC, NEW plumbing, 5yr old Metal Roof
Unit Size
2,603 Ft²
Days on Market
45 days
Land Size
1.39 acres
Price per sqft
$240
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Bright MLS #MDFR2060904)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2025 | Sold | ||
| Sold | |||
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Mar 15, 2025 | Listed | $625,000 | |
| Listed | |||
| | |||
|
Welcome home to 7627 Irongate Lane! This meticulously maintained, 100+ year-old home blends historic charm with modern features. It boasts an updated kitchen, a large eat-in kitchen, renovated bathrooms—including a primary suite—plus updated plumbing, electrical, and beautiful hardwood floors, all while preserving its rich history. Cozy up by the potbelly stove or enjoy the convenience of a side-entry mudroom and a partial home generator. The property includes a large detached garage, the original milk house, a small pole barn, a pond, a spacious stone patio, a deck, and 1.39 acres of land.
NEW electric panel, NEW HVAC, NEW plumbing, 5yr old Metal Roof
| |||
| Feb 18, 2009 | Sold | ||
| Sold | |||
| Aug 20, 1986 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Frederick
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Listed by: Elizabeth Parrott
Douglas Realty LLC
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDFR2060904
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Douglas Realty LLC
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDFR2060904
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