NOT LISTED FOR SALE

5732 Korrell Ln Frederick, MD 21702

Estimated Value: $538,000 - $1,086,000

4 Beds
3.5 Baths
3,257 Sq Ft
$269/Sq Ft Est. Value

Last Sold December 20, 2024

Last sale price $1,005,870 $309 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,697/month

48 Days on Market

Highlights

  • New Construction
  • 2.37 Acre Lot
  • No HOA
  • Yellow Springs Elementary School Rated A-
  • Midcentury Modern Architecture
  • 2 Car Attached Garage

About This Home

As of December 2024

Lots 1, 2 & 4 are available at Indian Ridge, a private, partially wooded subdivision on Korrell Lane and Indian Springs Road in Yellow Springs! House packages are exclusively available with Grossnickle Construction. Lot 1 is a 2.387 acre lot, features a private home site, and is ready to start construction. Contact GC today to start planning your custom home!

Last Agent to Sell the Property

Andrew Brown

(301) 945-0154 abrown@cohnpropertygroup.com CPG Realty, LLC. Listed on: 09/03/2024

Last Buyer's Agent

Carol Strasfeld

(301) 806-8871 carolstrasfeld@gmail.com Unrepresented Buyer Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,469

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 2.37 Acre Lot
  • Property is in excellent condition
  • Property is zoned R:1

Parking

  • 2 Car Attached Garage
  • Side Facing Garage

Home Design

  • Midcentury Modern Architecture
  • Colonial Architecture
  • Craftsman Architecture
  • Coastal Architecture
  • Rambler Architecture
  • Transitional Architecture
  • Traditional Architecture
  • Farmhouse Style Home
  • Slab Foundation
  • Cement Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,257 Sq Ft Home
  • Property has 2 Levels
  • Basement

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Schools

  • Yellow Springs Elementary School
  • Monocacy Middle School
  • Governor Thomas Johnson High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Well
  • Electric Water Heater
  • Perc Approved Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 1121437271

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,469

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Colonial, Craftsman, Farmhouse/National Folk, Mid-Century Modern, Ranch/Rambler, Traditional, Transitional
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2025
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Slab, Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Total Sq Ft: 3257
  • Living Area Sq Ft: 3257
  • Price Per Sq Ft: 290.14
  • Above Grade Finished Sq Ft: 3257
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cement Siding, Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Perc Approved Septic
  • Water Source: Private, Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: YELLOW SPRINGS
  • High School: GOVERNOR THOMAS JOHNSON
  • Middle Or Junior School: MONOCACY

Lot Info

  • Lot Size Acres: 2.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 103237.00
  • Property Condition: Excellent
  • Zoning: R:1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1469.00
  • Assessor Parcel Number: 1121437271
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2024

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Dec 20, 2024
Sold by
Middle Creek Development Llc
Bought by
Norman Mark and Zong Yan
Seller's Agent
Andrew Brown
CPG Realty, LLC.
Buyer's Agent
Carol Strasfeld
Unrepresented Buyer Office
List Price
$945,000
Sold Price
$1,005,870
Premium/Discount to List
$60,870
6.44%
Views
95
Current Estimated Value
$876,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$129,870
Avg. Annual Appreciation
-12.56%
Original Mortgage
$730,870
Outstanding Balance
$725,538
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$150,462

Purchase Details

Closed on
Oct 17, 2024
Sold by
Gilsdorf Janice and Gilsdorf Jeffrey
Bought by
Middle Creek Development Llc

Purchase Details

Closed on
Mar 27, 2012
Sold by
Mclister Patrick F
Bought by
Gilsdorf Janice and Gilsdorf Jeffrey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Norman Mark $275,000 None Listed On Document
Norman Mark $275,000 None Listed On Document
Middle Creek Development Llc $285,000 None Listed On Document
Gilsdorf Janice $199,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norman Mark $730,870
Closed Norman Mark $730,870
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $1,005,870 +6.4% $309 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $945,000 -- $290 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,456 $140,200 $140,200 --
2024 $1,456 $120,200 $120,200 $0
2023 $1,164 $100,200 $100,200 $0
2022 $1,164 $100,200 $100,200 $0
2021 $1,164 $100,200 $100,200 $0
2020 $1,164 $100,200 $100,200 $0
2019 $1,164 $100,200 $100,200 $0
2018 $1,174 $100,200 $100,200 $0
2017 $1,164 $100,200 $0 $0
2016 $1,908 $100,200 $0 $0
2015 $1,908 $100,200 $0 $0
2014 $1,908 $100,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2053618

Bright MLS

APN: 21-437271