500 E Melbourne Ave, Silver Spring, MD 20901
OFF MARKET

$574,100

Trulia Estimate
  • Studio
  • 3 Baths
  • 2,160 sqft

500 E Melbourne Ave, Silver Spring, MD 20901

Franklin Knolls
Est. Refi. Payment $3,645/mo*
Refinance Your Home
Currently Off Market - Sold Mar 3, 2017 for $40,000

Home Value

Trulia Estimate
$574K
Since last month
Increased$11K (+1.9%)
Since last year
Increased$10K (+1.8%)
Since last sale
Increased$534K (+1,335.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +33% in the last 10 years
MonthEstimated value
2026
October 2026$574K
September 2026$539K
August 2026$564K
July 2026$566K
June 2026$583K
May 2026$591K
April 2026$584K
March 2026$576K
February 2026$561K
January 2026$564K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
212 Dearborn Ave, Silver Spring, MD
0.16
Single-Family Home
$739,000
06/01/26
4
2.5
2,116
714 Whitaker Ter, Silver Spring, MD
0.16
Single-Family Home
$350,000
06/09/26
3
3
2,604
403 E Melbourne Ave, Silver Spring, MD
0.12
Single-Family Home
$649,000
09/14/26
4
2.5
2,169
723 Lowander Ln, Silver Spring, MD
0.28
Single-Family Home
$595,000
09/15/26
5
3
2,160
9411 Garwood St, Silver Spring, MD
0.19
Single-Family Home
$880,000
04/28/26
4
3
2,180
9300 Mintwood St, Silver Spring, MD
0.26
Single-Family Home
$830,000
05/12/26
3
2
2,588
6 E Hamilton Ave, Silver Spring, MD
0.43
Single-Family Home
$670,000
12/23/25
3
3
2,052
701 Cornwall St, Silver Spring, MD
0.24
Single-Family Home
$680,000
02/10/26
4
3.5
2,692
9205 Whitney St, Silver Spring, MD
0.34
Single-Family Home
$570,000
11/14/25
3
3
2,378
525 E Indian Spring Dr, Silver Spring, MD
0.40
Single-Family Home
$640,000
01/05/26
5
3
2,160

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
502 E Melbourne Ave, Silver Spring, MD 20901
0.01
$546,400
Studio
3
1,387
Off Market
330 University Blvd E, Takoma Park, MD 20901
0.02
$533,400
Studio
3
1,236
Off Market
504 E Melbourne Ave, Silver Spring, MD 20901
0.03
$605,300
Studio
3
1,387
Off Market
328 University Blvd E, Silver Spring, MD 20901
0.03
$514,400
Studio
2
1,422
Off Market
9403 Curran Rd, Silver Spring, MD 20901
0.03
$589,800
Studio
3
1,884
Off Market
400 University Blvd E, Silver Spring, MD 20901
0.03
$616,000
3
2.5
2,460
Off Market
9401 Curran Rd, Silver Spring, MD 20901
0.03
$614,000
Studio
3
1,164
Off Market
506 E Melbourne Ave, Silver Spring, MD 20901
0.04
$528,700
Studio
3
1,204
Off Market
503 E Melbourne Ave, Silver Spring, MD 20901
0.04
$600,700
Studio
3
2,518
Off Market
326 University Blvd E, Silver Spring, MD 20901
0.04
$519,200
Studio
2
1,547
Off Market
416 E Melbourne Ave, Silver Spring, MD 20901
0.04
$549,500
7
3
1,578
Off Market
410 Greer Ave, Silver Spring, MD 20901
0.04
$495,100
Studio
3
1,164
Off Market
417 E Melbourne Ave, Silver Spring, MD 20901
0.05
$437,000
Studio
1
1,080
Off Market
331 University Blvd E, Silver Spring, MD 20901
0.05
$634,100
6
5
2,236
Off Market
9405 Curran Rd, Silver Spring, MD 20901
0.05
$527,600
Studio
2
1,204
Off Market
508 E Melbourne Ave, Silver Spring, MD 20901
0.05
$540,600
Studio
3
1,387
Off Market
404 University Blvd E, Silver Spring, MD 20901
0.05
$521,600
Studio
2
1,302
Off Market
329 University Blvd E, Silver Spring, MD 20901
0.05
$554,100
4
2
1,494
Off Market
324 University Blvd E, Silver Spring, MD 20901
0.05
$492,400
Studio
2
1,387
Off Market
415 E Melbourne Ave, Silver Spring, MD 20901
0.05
$573,400
4
2
1,426
Off Market

Local Information

  • Map ViewExplore the area around 500 E Melbourne Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1961
2,160 sqft
$266/sqft
Garage

About this House

This single-family home is located at 500 E Melbourne Ave, Silver Spring, MD. 500 E Melbourne Ave is in the Franklin Knolls neighborhood in Silver Spring, MD and in ZIP code 20901. This property has 3 bathrooms and approximately 2,160 sqft of floor space. This property has a lot size of 9815 sqft and was built in 1961.
500 E Melbourne Ave, Silver Spring, MD 20901 is a studio, 3 bathroom, 2,160 sqft single-family home in Franklin Knolls, built in 1961. It last sold for $40,000 on Mar 3, 2017. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $574,100, with a rent estimate of $3,269/month.

Home Details for 500 E Melbourne Ave

Interior Features

Interior Details
Basement
Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Air Conditioning
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Other, Brick
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1961
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9815 sqft

Price and Tax history

DateEventPrice
Mar 3, 2017
Source: N/A
Sold
$40,000

Market trends in Silver Spring

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$546K
$12.17KMoM
Sale-to-List Price
100.0%
Price per sq ft
$278
$2MoM
Available listings
662
27MoM

Around this home

Neighborhood Overview

Franklin Knolls
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Franklin Knolls

At least 1 Trulia users voted on each feature.

  • 100 % Say neighbors are friendly

  • 100 % Say car is needed

  • 100 % Say people would walk alone at night

  • 100 % Say streets are well-lit

  • 100 % Say yards are well-kept

  • 100 % Say parking is easy

  • 50 % Say there's holiday spirit

Sourced by Trulia users. Learn more about our methodology.
  • Sylvia B.
    "I can honestly tell you that there isn't one house in this neighborhood worth what they're asking for. I can see. If the house was located in Potomac, Maryland but come on, really, you can clearly see.There's no way that houses worth that amount."
    0
    Flag
  • Ellentnle.md
    "Although the highway is right there, this area is so congested that a 20 minutes commute can easily become 35 or more"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 500 E Melbourne Ave

  • What is 500 E Melbourne Ave estimated to be worth?
    Trulia's estimated value for 500 E Melbourne Ave in Silver Spring, MD is $574,100.
  • What is the price history for 500 E Melbourne Ave?
    500 E Melbourne Ave in Silver Spring, MD last sold for $40,000 in March 2017.
  • Is Silver Spring a buyer's or seller's market?
    Silver Spring is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Silver Spring?
    The median sale price in Silver Spring is $546K. That is up $12.17K from the prior month.
  • How big is the lot at 500 E Melbourne Ave?
    The lot at 500 E Melbourne Ave in Silver Spring, MD is about 0.23 acres (9,815 sq ft).
  • Does 500 E Melbourne Ave have a garage?
    Yes, 500 E Melbourne Ave in Silver Spring, MD has a garage.

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