508 E Melbourne Ave
Silver Spring, MD 20901
Franklin Knolls- Studio
- 3 Baths
- 1,387 sqft
Studio
3 Baths
1,387 sqft
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1959
Living Area
1,387 sqft
Price/Sqft
$388
About this House
This single-family home is located at 508 E Melbourne Ave, Silver Spring, MD. 508 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 1,387 sqft of floor space. This property has a lot size of 7152 sqft and was built in 1959.
508 E Melbourne Ave, Silver Spring, MD 20901 is a studio, 3 bathroom, 1,387 sqft single-family home in Franklin Knolls, built in 1959. It last sold for $167,000 on Jul 2, 1998. It is currently off market. The Trulia Estimate is $538,700, with a rent estimate of $3,223/month.
Home Details for 508 E Melbourne Ave
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Interior Details Basement |
Heating & Cooling Heating: OtherAir ConditioningHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 1 |
Fireplace & Spa Fireplace |
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Exterior Home Features Roof: Shake ShingleExterior: 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: 7152 sqft |
Price History for 508 E Melbourne Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/02/1998 | $167,000 | 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 | $5,620 |
| Assessment | $477,233 |
Home facts updated by county records
Comparable Sales for 508 E Melbourne Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Single-Family Home | $350,000 | 06/09/26 | 3 | 3 | 2,604 | |
0.28 | Single-Family Home | $609,000 | 06/05/26 | 3 | 2.5 | 1,373 | |
0.19 | Single-Family Home | $515,000 | 01/30/26 | 2 | 1.5 | 1,415 | |
0.20 | Single-Family Home | $739,000 | 06/01/26 | 4 | 2.5 | 2,116 | |
0.21 | Single-Family Home | $569,000 | 05/07/26 | 3 | 2 | 1,530 | |
0.26 | Single-Family Home | $520,000 | 06/24/26 | 4 | 2 | 1,128 | |
0.30 | Single-Family Home | $480,000 | 05/12/26 | 2 | 1,491 | ||
0.22 | Single-Family Home | $880,000 | 04/28/26 | 4 | 3 | 2,180 | |
0.38 | Single-Family Home | $618,999 | 11/12/25 | 5 | 3 | 1,901 | |
0.36 | Single-Family Home | $640,000 | 01/05/26 | 5 | 3 | 2,160 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 508 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.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 508 E Melbourne Ave
Off Market Homes Near 508 E Melbourne Ave
Frequently asked questions about 508 E Melbourne Ave
- What is 508 E Melbourne Ave estimated to be worth?Trulia's estimated value for 508 E Melbourne Ave in Silver Spring, MD is $538,700.
- What is the price history for 508 E Melbourne Ave?508 E Melbourne Ave in Silver Spring, MD last sold for $167,000 in July 1998.
- 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 508 E Melbourne Ave?The lot at 508 E Melbourne Ave in Silver Spring, MD is about 0.16 acres (7,152 sq ft).