Updated Two-Bedroom
For Sale
$234,999
2360 SUN VALLEY CIRCLE Unit 2-GH, Silver Spring, MD 20906
A lower-level home offers single-story living, an in-unit washer and dryer, and assigned parking.
Property Size1,064 SF
Price / SF$220.86
Days on Market36
Property Features for 2360 SUN VALLEY CIRCLE Unit 2-GH
General Information
Standard status
Active
Size
1,064 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,655
Amenities
outdoor pool
playground
in-unit washer and dryer
Building Details
Building Size
1,064 SF
Year Built
1971
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Malek Mraihi · License #5019191
(240) 855-1734
Source:
Jackrealtygroup
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium has approximately 1,064 square feet of living area and is on the lower level. Kitchen updates include cabinetry, countertops, a backsplash, sink, faucet, and appliances, including a gas range and built-in microwave. Both bathrooms have been refinished. Other improvements include luxury vinyl plank flooring, fresh paint, LED lighting, replacement interior doors and hardware, a new entry door with sidelights, and a new sliding glass door.
The residence provides single-level living, an in-unit washer and dryer, and assigned parking space #22. Community amenities include an outdoor pool and playground. Shopping, dining, and Argyle Middle School are nearby.
The residence provides single-level living, an in-unit washer and dryer, and assigned parking space #22. Community amenities include an outdoor pool and playground. Shopping, dining, and Argyle Middle School are nearby.
Key Highlights
- Two bedrooms and two bathrooms; approximately 1,064 square feet
- Renovated kitchen with gas range and built‑in microwave
- Refinished bathrooms, luxury vinyl plank flooring, fresh paint, and updated LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,568
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,360
$351.4K
Cap Rate 7%
$250,971
$251.0K
Cap Rate 9%
$195,200
$195.2K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$34.3K $32.28/SF
− Vacancy
−$2.4K −$2.26/SF
EGI
$31.9K $30.02/SF
− OpEx
−$14.4K −$13.51/SF
NOI
$17.6K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,360
Cap Rate 7%
$250,971
Cap Rate 9%
$195,200
Alternative Uses
Best Use
Apartment 5plus
$251.0K
$219.6K – $292.8K
NOI $17,568 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$374.3K
$327.5K – $436.7K
NOI $26,200 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 20906, MD
71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A lower-level home offers single-story living, an in-unit washer and dryer, and assigned parking.
Where is this residential income property located?
The property is located at 2360 SUN VALLEY CIRCLE Unit 2-GH Silver Spring, MD.
What is the asking price?
The asking price for this property is $234,999.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; approximately 1,064 square feet; Renovated kitchen with gas range and built‑in microwave; Refinished bathrooms, luxury vinyl plank flooring, fresh paint, and updated LED lighting
