300 GILSAN COURT
About This Property
Rarely does a home offer this much space, flexibility, and value in such a desirable Silver Spring location! Situated on a quiet cul-de-sac and expansive corner lot, this beautifully updated split-level features over 2,600 above grade square feet of versatile living space with an impressive array of thoughtful recent renovations. Freshly painted throughout with refinished hardwood floors, recessed lighting, ceiling fans, updated windows, and an expanded floor plan designed for today's lifestyle, this home is truly move-in ready.
The spacious primary suite offers a walk-in closet, while the thoughtfully designed bedroom addition provides the perfect space for a private office, lounge, nursery, or potential 5th bedroom. The expansive family room addition, with wood-burning fireplace, creates endless possibilities for entertaining, multi-generational living, work-from-home flexibility, or bonus recreation space. Private-entry areas and a dedicated laundry room with exterior access add even more convenience and versatility.
The updated kitchen features granite countertops, stainless steel appliances, a brand new refrigerator, an eat-in breakfast nook, and a convenient pass-through to the dining room for seamless entertaining. All three bathrooms have been beautifully refurbished, offering a fresh, modern feel throughout. Additional improvements include freshly planted landscaping along the front of the home, a newly laid sidewalk from the driveway to the laundry room door, a charming fence enclosure for the recycling bins, a brand new heating and air secondary unit, gutter guards throughout, a brand new dryer, and a custom built shed in the backyard for even more storage and functionality. Step outside to enjoy multiple patios and a spacious backyard designed for gatherings, relaxation, and outdoor living.
Located in the highly desirable Kemp Mill/Silver Spring area near parks, shopping, dining, commuter routes, Metro access, and everything Montgomery County has to offer, and just minutes from the beloved Northwest Branch Trail, this home delivers the perfect blend of comfort, functionality, and long-term value. Opportunities like this do not last, schedule your private showing today before someone else calls it home!
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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.
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017