8040 BLACKS MILL RD
About This Property
Interior Features: The home features wood floors throughout the main level, a gourmet kitchen with stainless steel appliances, granite countertops, and a large island that opens to the family room and breakfast area. The family room has a gas fireplace, and there are 9-foot ceilings throughout. A separate dining area and formal living room.
Sunroom: A massive sunroom with a cathedral ceiling and sycamore/cherry built-ins floods the space with sunlight through many windows, creating a bright and inviting atmosphere.
Primary Bedroom: The primary bedroom on the upper level boasts a tray ceiling, two large walk-in closets, and an ensuite bath with ceramic tile, double vanity, separate shower, and a jacuzzi tub.
Additional Bedrooms and Bathrooms: There are three other bedrooms on the upper level, along with a second full bath featuring a double vanity. The convenience of a laundry room is also located on the upper level.
Lower Level: The unfinished lower level, spanning over 2700 sq feet, offers a myriad of opportunities for customization or can be used as storage. 8' ceilings in lower level, with potential of workshop, hobby area, band practice, game room or weightlifting area.
Amenities: The property includes amenities such as a 1000 sq foot kennel with heat and air conditioning, a half bath, washer & dryer, dog bath, and grooming room. This building could also be used potentially for other uses as well. Perfect for dog owners, handlers and breeders. Potentially turn it into a tenant home
Outdoor Features: The property features a pond and offers ample land for various uses, including horse farm, growing crops, livestock, and the potential for starting a vineyard. An outside oasis awaits you!
Utilities: The home is equipped with a 400-amp service, water filtration system, 80-gallon water heater, and has been radon remediated.
One year home warranty
This property offers a unique blend of luxury living, outdoor opportunities, and the potential for diverse land uses. 40 of tillable acreage available nestled in the Catoctin Mountain area and only minutes from historic downtown Frederick, MD and Gettysburg, PA
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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 |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Price Decreased |
$1,425,000
↓ $15K
(1%) | |
| Price Decreased | |||
| Mar 15, 2024 | Price Decreased |
$1,440,000
↓ $50K
(3.4%) | |
| Price Decreased | |||
| Feb 1, 2024 | Listed by Long & Foster Real Estate, Inc. | $1,490,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017