$330,000
●
House -
Off Market
8649 INDIAN SPRINGS RD
FREDERICK, MD 21702
2 Beds
1 Bath
936 Ft²
$304,209
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Unique opportunity just minutes from Downtown Frederick. Three
bedroom farmhouse on 2.35 acres with a 3 car detached garage.
Private sloping yard to a creek and historic spring house.
Beautiful property! Recent improvements include new plank flooring
throughout, new low profile LED lighting, new kitchen cabinets with
quarts countertops. New stainless appliances. As-Is sale. Schedule
your showing today.
Unit Size
936 Ft²
Days on Market
-
Land Size
2.35 acres
Price per sqft
$319
Property Type
House
Property Taxes
$213
HOA Dues
-
Year Built
1915
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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: 4 years ago (Bright MLS #MDFR2031572)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2023 | Sold | ||
| Sold | |||
| Mar 8, 2023 | In contract | - | |
| In contract | |||
| Feb 28, 2023 | Listed by Frederick Land & Home, LLC. | $299,000 | |
| Listed by Frederick Land & Home, LLC. | |||
| Oct 19, 2022 | No longer available | - | |
| No longer available | |||
| Oct 17, 2022 | Listed by HomeSmart | $349,900 | |
| Listed by HomeSmart | |||
| | |||
|
You will absolutely LOVE the views from this home! Home is situated on 2.35 acres and complete kitchen has been updated, granite countertops, stainless steel appliances, white cabinets, laminate floors in the main level and upper level and freshly painted. A big oversized detached 3 car garage that is perfect for someone that wants to run their own business or simply for more storage space. Endless opportunities to expand this home and awesome location!! PLUS NO CITY TAXES! So come & tour this beautiful home! The manager has listed the unit size as 1136 square feet.
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Frederick
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Listed by: David Bowers
Frederick Land & Home, LLC.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDFR2031572
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.
Frederick Land & Home, LLC.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDFR2031572
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017