2326 FAIRLAND ROAD
About This Property
Large windows throughout with white wood blinds fill the main living area with natural light, while a fireplace adds warmth and character.
The updated kitchen features granite countertops, white cabinetry, stainless steel appliances, and a center island that provides additional workspace and casual seating. A breakfast room area creates a natural setting for everyday meals and gatherings. From here, step outside to a spacious patio surrounded by mature landscaping and a private fenced yard with plenty of room for outdoor dining, recreation, and gardening. The oversized garage offers generous space for vehicles, storage, tools, and recreational equipment. The wide driveway has space for several cars, and there is a convenient turnaround.
The fun starts in the private backyard with an enormous deck, spacious gazebo, lighting, gardens, a patio, and a large yard extending beyond the fence to a level lawn with a shed and a second fence. This backyard is ideal for sports, relaxing, entertaining, or gardening.
The key systems and equipment are updated. The HVAC system, new digital thermostat, and water heater were replaced in 2025. There is a whole-home Eviroaire IAQ in-duct air purification system. The roof was replaced in 2020.
Conveniently located in the Fairland area of Silver Spring, the home provides easy access to US-29, I-495, MD-200, and I-95, making travel throughout the Washington and Baltimore metropolitan areas convenient. Nearby recreational destinations include Fairland Recreational Park, Martin Luther King Jr. Recreational Park, The Gardens Ice House, and numerous walking and biking trails. Shopping, dining, and everyday conveniences are also close by in Burtonsville, White Oak, and throughout Silver Spring.
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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 30, 2026 | Price Decreased |
$565,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Sep 30, 2026 | Listed by Paton Real Estate LLC | $585,000 | |
| Listed by Paton Real Estate LLC | |||
| Aug 18, 2026 | Price Decreased |
$584,999
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Aug 8, 2026 | Relisted | $599,999 | |
| Relisted | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
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About Fairland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017