2329 BLUE VALLEY DRIVE
About This Property
This five-bedroom, three-and-a-half-bath home sits on a 0.26-acre lot in an established Silver Spring community, offering room to spread out both inside and out.
Upstairs, three bedrooms include a primary suite with its own private, luxury ensuite bathroom - featuring a soaking tub, double sink vanity, and a shower with a rainfall head, plus a custom-built-in closet. The other two bedrooms share a fully renovated hall bath.
The main level offers two additional legal bedrooms - one ideal as a home office - along with a full bathroom and a separate powder room for guests. The family room features an electric fireplace, perfect for cooler nights, and the fully renovated kitchen shines with brand-new high-end appliances and quartz countertops. Just off the kitchen, a formal dining space features large windows that fill the room with natural light, while a separate breakfast area offers space for casual meals. A sliding glass door opens onto the newly added Trex deck, overlooking the fully fenced rear yard.
Downstairs, a spacious finished lower level adds even more flexible living space - ideal for a rec room, home gym, or media area.
Every bathroom in the home has been updated with modern finishes, and new flooring runs throughout. Major systems have been replaced too, with a new roof, HVAC, water heater, and windows, so the big-ticket items are already taken care of.
Outside, a huge side yard adds even more room to enjoy, and a long driveway with a one-car garage provides plenty of parking. The location offers easy access to major commuter routes, shopping, and public transit.
Move-in ready and updated top to bottom, this is a true turnkey opportunity in a well-established community that won't last long.
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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 |
|---|---|---|---|
| Oct 2, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Price Decreased |
$699,000
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Sep 16, 2026 | Listed by Samson Properties | $719,000 | |
| Listed by Samson Properties | |||
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 28, 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