503 E Melbourne Ave
Silver Spring, MD 20901
Franklin Knolls- Studio
- 3 Baths
- 2,518 sqft
Studio
3 Baths
2,518 sqft
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1959
Living Area
2,518 sqft
Price/Sqft
$237
About this House
This single-family home is located at 503 E Melbourne Ave, Silver Spring, MD. 503 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 2,518 sqft of floor space. This property has a lot size of 6577 sqft and was built in 1959.
503 E Melbourne Ave, Silver Spring, MD 20901 is a studio, 3 bathroom, 2,518 sqft single-family home in Franklin Knolls, built in 1959. It last sold for $165,000 on Aug 9, 1995. It is currently off market. The Trulia Estimate is $597,000, with a rent estimate of $3,297/month.
Home Details for 503 E Melbourne Ave
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Interior Details Basement |
Heating & Cooling Heating: OtherAir ConditioningHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2 |
Fireplace & Spa Fireplace |
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Exterior Home Features Roof: Shake ShingleExterior: Other, Brick |
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Year Built Year Built: 1959 |
Property Type / Style Property Type: Single Family HomeArchitecture: Conventional |
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Units in Building: 1 |
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Lot Area: 6577 sqft |
Price History for 503 E Melbourne Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 08/09/1995 | $165,000 | Sold | N/A |
Market trends in Silver Spring
Last updated June 2026
Avg. sale price
$526K
$30.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$277
$2MoM
Available listings
717
1MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $6,478 |
| Assessment | $551,767 |
Home facts updated by county records
Comparable Sales for 503 E Melbourne Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.14 | Single-Family Home | $350,000 | 06/09/26 | 3 | 3 | 2,604 | |
0.21 | Single-Family Home | $675,000 | 09/18/25 | 4 | 2.5 | 2,294 | |
0.19 | Single-Family Home | $739,000 | 06/01/26 | 4 | 2.5 | 2,116 | |
0.34 | Single-Family Home | $570,000 | 11/14/25 | 3 | 3 | 2,378 | |
0.21 | Single-Family Home | $680,000 | 02/10/26 | 4 | 3.5 | 2,692 | |
0.23 | Single-Family Home | $880,000 | 04/28/26 | 4 | 3 | 2,180 | |
0.25 | Single-Family Home | $609,000 | 06/05/26 | 3 | 2.5 | 1,373 | |
0.16 | Single-Family Home | $569,000 | 05/07/26 | 3 | 2 | 1,530 | |
0.41 | Single-Family Home | $640,000 | 01/05/26 | 5 | 3 | 2,160 | |
0.33 | Single-Family Home | $679,500 | 10/31/25 | 5 | 3 | 3,195 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 503 E Melbourne Ave.
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.
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Apartments for Rent
Homes for sale near 503 E Melbourne Ave
Off Market Homes Near 503 E Melbourne Ave
Frequently asked questions about 503 E Melbourne Ave
- What is 503 E Melbourne Ave estimated to be worth?Trulia's estimated value for 503 E Melbourne Ave in Silver Spring, MD is $597,000.
- What is the price history for 503 E Melbourne Ave?503 E Melbourne Ave in Silver Spring, MD last sold for $165,000 in August 1995.
- 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 $526K. That is up $30.33K from the prior month.
- How big is the lot at 503 E Melbourne Ave?The lot at 503 E Melbourne Ave in Silver Spring, MD is about 0.15 acres (6,577 sq ft).