$490,000
●
House -
Off Market
1431 FAIRBANKS DRIVE
HANOVER, MD 21076
4 Beds
3 Baths
1,640 Ft²
$2,774
Est. Monthly
About This Property
Welcome to this beautifully maintained split-level home in the
desirable Harmans Woods community of Severn. With 3 bedrooms and 3
full baths, this home offers a spacious and functional layout,
inviting indoor-outdoor living, and a private wooded setting. The
main living area features soaring cathedral ceilings and updated
LVP flooring throughout the main level, creating an open, airy, and
modern feel. The dining room leads directly to the large deck
overlooking the fully fenced backyard and peaceful woods beyond.
The home also features a newer roof, generous living spaces, and a
large backyard shed for additional storage. Whether you're
entertaining guests, enjoying quiet evenings outdoors, or simply
looking for a home with room to spread out, this property offers
comfort, flexibility, and convenience. Ideally located near Fort
Meade, BWI Airport, shopping, dining, commuter routes, and major
highways including Routes 100, 97, and 295.
Unit Size
1,640 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$298
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1994
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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: 3 months ago (Bright MLS #MDAA2145440)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Cummings & Co. Realtors | $489,000 | |
| Listed by Cummings & Co. Realtors | |||
| Jul 24, 2018 | Sold | ||
| Sold | |||
| Apr 26, 2018 | Listed by Cummings & Co. Realtors | $299,900 | |
| Listed by Cummings & Co. Realtors | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Severn
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Listed by: Mollie I Harris
Cummings & Co. Realtors
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDAA2145440
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.
Cummings & Co. Realtors
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDAA2145440
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