902 MERCER PLACE
About This Property
Step inside to the main level, where you'll find a warm and inviting living room, complete with a classic brick fireplace and built-in shelves. The brand-new, open-concept gourmet kitchen is a true showstopper, featuring a spacious island with seating for six, crisp white cabinetry accented by sleek black hardware, stunning white granite countertops with intricate veining, and top-of-the-line stainless steel appliances. One of the two elegant Primary Bedroom Suites is located on this level, offering a private en-suite bath. Additionally, two more well-appointed bedrooms and a full half bath add to the convenience, while a delightful concrete porch with a brick wall beautifully enhances the outdoor entertaining space.
The lower level holds even more treasures, including a second Primary Bedroom Suite with a dedicated cubby area perfect for a desk or workspace with a walk-up access to the rear yard. The finished recreation room provides ample space for relaxation and entertainment, along with generous storage, utilities, and a laundry area.
Outside, the home continues to impress with a spacious patio, a level backyard perfect for gatherings or quiet moments, and a private driveway for convenient parking. All of this is set in an enviable location close to shopping, dining, and major commuter routes, with Downtown Frederick's vibrant amenities just moments away. Don't miss your chance to turn this extraordinary house into your forever home!
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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 30, 2025 | Sold | ||
| Sold | |||
| Jun 30, 2025 | In contract | - | |
| In contract | |||
| Jun 29, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Jun 13, 2025 | Listed by Charis Realty Group | $650,000 | |
| Listed by Charis Realty Group | |||
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About Westbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017