8921 YELLOW SPRINGS ROAD
About This Property
Welcome home to this charming, completely remodeled 3-bedroom, 1-bath Craftsman-style bungalow in Frederick, Maryland! Originally built in 1940, this character-filled home beautifully blends timeless architectural details with extensive modern updates and offers over 2,000 square feet of usable living space.
The home features approximately 1,404 square feet above grade, plus an additional 200-square-foot sunroom and a spacious finished recreation room in the lower level. The main level offers two bedrooms, while the upper-level bedroom is especially unique, featuring three built-in bunk beds with built-in dressers and storage. Throughout the home, you'll find charming details including curved doorways and artisan-style built-ins that preserve the personality and craftsmanship of this classic home.
The extensive renovation makes this home truly move-in ready. Recent improvements include a new roof (2025), new HVAC (2026), updated electrical service (2026), a brand-new white shaker kitchen (2026) with sparkling white quartz countertops and stainless steel appliances, an updated bathroom, replacement windows (2018), fresh interior paint, new LVP flooring, and much more.
Outside, the home sits on a gorgeous 0.43-acre level lot surrounded by mature landscaping and plenty of room to enjoy the outdoors. An expansive covered front porch creates a warm welcome, while the rear of the home features a large deck with an accessibility ramp.
The oversized detached 2-car garage provides exceptional parking, workshop, and storage space, while the additional loft above the garage offers even more room for storage, hobbies, or other future possibilities.
And here's an added bonus that's increasingly hard to find: NO HOA and NO CITY TAXES! Enjoy greater freedom and potentially lower ownership costs while remaining just a short drive from Downtown Frederick and Fort Detrick.
With its extensive renovations, classic Craftsman character, spacious level lot, oversized detached garage with loft, abundant usable living space, and convenient Frederick location, this property offers a rare combination of character, space, updates, and value. Move right in and enjoy
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$419,900
↓ $20K
(4.6%) | |
| Price Decreased | |||
| Sep 29, 2026 | Price Decreased |
$439,900
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Sep 17, 2026 | Listed by Young & Associates | $449,990 | |
| Listed by Young & Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017