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Baker Park Real Estate Market Trends

Baker Park Real Estate Market Trends

Baker Park Neighborhood Market Report

provided by the Highland Group – eXp Realty

Frederick Md Neighborhood: Baker Park

Baker Park
Covered Walking Bridge in Baker Park

Baker Park is an established neighborhood in the center of Frederick that offers stately homes surrounding the 35 acre linear park.

You’ll find many Victorian homes built in the first half of the 1900’s, some Colonials and Arts & Crafts homes also. Most of the homes were built on larger city lots, with lovely tree-lined streets.

There is one area of Baker Park where you’ll find brand new “yet historic” homes. Known as Baker Park Estates, the development has custom homes under construction by Mitchell & Best home builders priced at $1.35 million and started out with seven lots for sale at $475,000 each. The lots are each about one-fourth of an acre. Buyers can work with an architect and custom builder of their choosing but must follow community guidelines for their architectural style. Buyer representation is a option that new home buyers will want to consider.


Learn more about the neighborhood: Homes for Sale in Baker Park Frederick Md


Baker Park, Frederick Md Area Information:

Baker Park Boundaries:

Baker Park Neighborhoods surround the linear park on both sides, for several blocks. Many times people refer to the neighborhood as Baker Park/Hood College, including the homes that are adjacent to the college and Frederick Memorial Hospital. But Baker Park proper, extends from:

  •  East: N. Bentz Street
  •  West: I-15
  • North: Dill Avenue
  • South: West Patrick Street/144
  • Hood College Neighborhood runs between Dill Avenue and 7th Street

Here is my custom Google Map of the area:


View Baker Park/Hood College in Frederick, MD in a larger map

Baker Park is a sought-after location, with real estate values that consistently average about 40% above the average sales price for Frederick County. The Linear Park is the favorite for City of Frederick residents with the Bell Tower as one of the main attractions. There is an amphitheater where summer concerts take place, a pool, playgrounds, tennis courts and more.

Although Baker Park and Hood College are not part of the Historic District, the majority of the homes are older homes with significant architectural detail and beauty. The homes you will find in this neighborhood are single-family homes, mostly built before mid-century. All are custom-built, and none are alike.

Culler Lake Baker Park
Culler Lake

 

Baker Park, Frederick Real Estate Market Information:

Real estate activity from the 2nd quarter, with current July 2015 Listings:

Active Homes for sale in Baker Park:
• Number of homes for sale: There are 2 active listings in Baker Park, 1 in nearby Hood College (sometimes misnamed as Baker Park)

• 700 Rosemont Ave.: Asking Price: $1,495,000, a 6 bedroom, 3 full and 3 half bath single-family home.

and, 300 Dill Ave. Asking Price: $718,000, 5 bedroom, 2.5 bath single-family home.

• Hood College Listing: 506 Magnolia $429,900, a 3 bed 2.5 bath single-family home.

Sold Homes in Baker Park second quarter 2015:
• Number of homes sold: 7 single-family homes sold

• Minimum Sold Price: $235,000

• Average Sold Price: $591,357

• Maximum Sold Price: $780,000

• Average SP/LP ratio (what % of asking price did homes sell for): 96% of List Price at time of sale

• Average DOM: 30

Average Year Built:  1953

Conclusion: Home sales in Baker Park has picked up this year, as more homeowners are able to sell. Home values in Baker Park are typically 40% more than Frederick County. The average selling price for single-family homes across Frederick County this month was  $303,900.


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Enjoy our Video: A Summer Day in Baker Park

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Baker Park Real Estate Market Trends
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Baker Park Real Estate Market Trends
Description
Baker Park Real Estate Report, homes sold, active homes and recent statistics, see average sales prices, days on market and neighborhood trends in Baker Park.
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the Highland Group - powered by eXp Realty
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