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1600 FLORA LANE
About This Property
Welcome to 1600 Flora Lane, a charming brick ranch-style home nestled in the beautiful Woodside Forest neighborhood of Silver Spring, MD. This inviting home offers three bedrooms, two full and one half bathrooms, and a large attached two-car garage. Step inside to find wood floors throughout the main level, creating a warm and welcoming atmosphere. The updated kitchen features granite countertops, stainless steel appliances, and recessed lighting, making meal preparation and entertaining a pleasure. The spacious layout offers comfortable one-level living with room to relax and enjoy everyday life. An architectural shingle roof installed in 2022 provides a valuable recent update. The rear enclosed porch offers a versatile space for relaxing, enjoying your morning coffee, or entertaining guests throughout the seasons. Outside, the fenced-in backyard provides privacy and space for outdoor activities, gardening, or gatherings. The large attached two-car garage offers convenient parking and additional storage. Ideally located in the sought-after Woodside Forest community, this home provides convenient access to Metro stations, major commuter routes, shopping, dining, and entertainment, while being close to the many amenities Silver Spring has to offer. Don't miss the opportunity to make this well-maintained brick ranch your new home! Mortgage savings may be available for buyers of this listing.
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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%.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Listed by Redfin Corp | $749,900 | |
| Listed by Redfin Corp | |||
| Feb 14, 2023 | Sold | ||
| Sold | |||
| Jan 13, 2023 | Listed by Redfin Corp | $699,900 | |
| Listed by Redfin Corp | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017