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15541 BAILEYS LANE
About This Property
The main level features hardwood flooring, spacious formal living and dining rooms, and a stunning rear great-room addition with vaulted ceilings, dramatic arched windows, and a floor-to-ceiling wood-burning fireplace. The kitchen includes custom cabinetry, ample counter space, and an open flow into the breakfast area and great room.
Step outside to enjoy the screened porch, expansive paver patio, landscaped walkways, and retaining walls. The large, fenced backyard provides plenty of room for entertaining, gardening, recreation, and relaxation. A powered storage shed, oversized two-car garage, and concrete driveway provide additional convenience and functionality.
Major exterior improvements completed around 2017 include an architectural-shingle roof, a metal roof over the porch, replacement windows, added exterior insulation, new siding, gutters with gutter guards, and aluminum-wrapped soffits and fascia. The home's plumbing was upgraded to PVC, and all bathrooms were completely remodeled around 2016. Additional updates include a renovated kitchen with custom cabinetry and replacement appliances, as well as a newer washer and dryer installed around 2022.
Conveniently located near the ICC, major commuter routes, shopping, restaurants, schools, golf courses, parks, and recreational amenities. This spacious and extensively improved home offers exceptional indoor and outdoor living in a desirable Silver Spring location.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Redfin Corp | $699,000 | |
| Listed by Redfin Corp | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017