2429 Parallel Ln, Silver Spring, MD, 20904
About This Home
Welcome to this beautifully updated, move-in-ready home located in the desirable Fairland Estates neighborhood. Combining modern upgrades with a spacious layout, this property offers the perfect blend of comfort and luxury for multi-generational living. Fresh paint and newly finished hardwood floors run throughout the entire home. All 3.1 bathrooms have been completely and stylishly updated. A brand new deck offers the perfect space for outdoor living, grilling and entertaining. The standout feature of this property is the versatile in-law suite. This space provides maximum privacy, comfort, and independence for extended family, long-term guest, or a premium home office set-up.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1969
Materials
- Foundation: Slab
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Dutch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: Dryer In Unit
Basement
- Area: 1040
Basement
- Has basement: Yes
- Basement: Other
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Features
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,693
Heating & Cooling
- Heating features: Heat Pump,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 3,733
- Total interior livable area: 2,693 sqft
Property
Accessibility
- Accessibility features: Other
Details
- Parcel number: 160500337706
- Zoning: R200
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Deck
Lot
- Lot size: 0.37 Acres
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,791 | $45,492 |
| Home Insurance * | $186 | $2,232 |
| Property Taxes | $635 | $7,620 |
| Electricity | $343 | $4,117 |
| Total | $4,955 | $59,460 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Listed for sale | $749,900 |
| 1970-03-31 | Sold | $38,000 |
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