516 Elm St, Frederick, MD 21701
Property image
Property image
OFF MARKET

516 Elm St
Frederick, MD 21701

  • 2 Beds
  • 2 Baths
  • 1,700 sqft

$509,300

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $3,063/mo*
Refinance Your Home

$509,300

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $3,063/mo*
Refinance Your Home
2 Beds
2 Baths
1,700 sqft

Home Value

Trulia Estimate
$509K
Since last month
Decreased$9K (-1.7%)
Since last year
Decreased$31K (-5.7%)
Since last sale
Increased$149K (+41.5%)
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 +45% in the last 10 years
MonthEstimated value
2026
August 2026$509K
July 2026$518K
June 2026$526K
May 2026$525K
April 2026$519K
March 2026$519K
February 2026$511K
January 2026$505K
2025
2024
2023
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
1806 Monocacy View Cir #41A, Frederick, MD
2.70
Apartment
$329,000
10/02/25
3
3
1,746
7006 Basswood Rd, Frederick, MD
2.39
Apartment
$285,000
08/04/26
2
1
924
751 Heather Ridge Dr #18E, Frederick, MD
1.32
Apartment
$150,000
02/18/26
2
1
2,117
6506 Wiltshire Dr #102, Frederick, MD
2.97
Apartment
$267,000
03/27/26
2
2
-
1631 Blacksmith Way #214-B, Frederick, MD
4.92
Apartment
$388,982
02/10/26
3
2.5
1,774
500 Chapel Ct #101, Walkersville, MD
5.87
Apartment
$220,000
05/29/26
2
1.5
957

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
506 Elm St, Frederick, MD 21701
0.03
$575,000
4
2
2,145
Recently Sold
514 Elm St, Frederick, MD 21701
0.01
$606,800
4
2.5
1,736
Off Market
501 Elm St, Frederick, MD 21701
0.04
$949,100
3
3.5
2,400
Off Market
276 W 5th St, Frederick, MD 21701
0.06
$569,900
6
1.5
2,060
For Sale
518 Elm St, Frederick, MD 21701
0.01
$625,000
4
2.5
1,720
Recently Sold
511 Elm St, Frederick, MD 21701
0.03
$668,100
3
1.5
2,567
Off Market
520 Elm St, Frederick, MD 21701
0.01
$572,500
4
2.5
1,720
Recently Sold
270 W 5th St, Frederick, MD 21701
0.07
$409,000
2
1
1,116
Off Market
521 Elm St, Frederick, MD 21701
0.04
$855,900
6
4.5
3,218
Off Market
332 Park Ave, Frederick, MD 21701
0.06
$434,000
3
1.5
1,544
Off Market
330 Park Ave, Frederick, MD 21701
0.06
$524,900
3
1.5
1,382
Off Market
246 W 5th St, Frederick, MD 21701
0.10
$490,000
3
1.5
1,405
Recently Sold

Local Information

  • Map ViewExplore the area around 516 Elm St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Apartment
Year Built
1915
Living Area
1,700 sqft
Price/Sqft
$300
Parking
None

About this House

Tired of living in a ho-hum apartment?

Don't settle for less. It doesn't get much better than this.

Section 8 welcome.

516 Elm Street, #2, Frederick, MD 21701
Downtown Frederick
Walk to Baker Park
Walk to Market Street shops and restaurants
Walk to Hood College and Frederick Hospital
Great neighborhood and community
$2250/month + utilities (electric, internet, cable)
Pets allowed

Features
Completely renovated
2 bedrooms, 2 bathrooms with brand new heating and air conditioning system
Brand new in-unit washer and dryer
Two levels
New, wall to wall hardwood floors
Attractive floor plan - Spacious kitchen and living room
Gourmet kitchen with updated appliances and cabinets
Fenced-in yard
Outdoor living space with tables and chairs for al fresco dining and sitting by a fire
Mudroom to capture coat and shoes
Extra storage in-unit and in the cellar

See for yourself

Tenant responsibilities
$55 Application fee
Tenant responsible for all utilities (electric, internet; landlord pays water)
$2250 deposit, or based on entirety of application for housing choice voucher applicants only
$250 pet deposit
Renter's insurance
Non-smoker

If you are looking for a long term rental, and you consider yourself to be a clean, quiet, responsible tenant that can afford the rent, then look no further.

We pride ourselves on being a quality, considerate and respectful landlord. Our goal is to be the best landlord you have ever rented from.

If after reviewing the video and photographs you'd like further information or to schedule an appointment, then please contact us through Zillow. Showings are by appointment only. We hope to see you soon.
516 Elm St, Frederick, MD 21701 is a 2 bedroom, 2 bathroom, 1,700 sqft apartment built in 1915. It last sold for $360,000 on Jan 25, 2021. More recently, it was listed as a rental in April 2021 with an asking price of $2,250 per month. That rental listing was removed on May 4, 2021. It is currently off market. The Trulia Estimate is $509,300, with a rent estimate of $2,353/month.

Home Details for 516 Elm St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Forced Air, ElectricHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2.5Floors: Hardwood
Appliances & Utilities
DryerWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Brick
Parking & Garage
Parking: None

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: ApartmentArchitecture: Colonial

Community

Units in Building: 2

Lot Information

Lot Area: 1838 sqft

Price and Tax history

DateEventPrice
May 4, 2021
Source: Zillow Rental Manager
ListingRemoved
Apr 30, 2021
Source: Zillow Rental Manager
Listed For Rent
$2,250
Jan 25, 2021
Source: N/A
Sold
$360,000
Dec 30, 2020
Source: Bright MLS #MDFR275194
Contingent
$349,900
Dec 13, 2020
Source: Agent Provided
Pending
$349,900

Market trends in Frederick

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$441K
$7.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$224
$2MoM
Available listings
547
14MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Frederick

At least 861 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 79 % Say car is needed

  • 77 % Say parking is easy

  • 75 % Say there's holiday spirit

  • 74 % Say streets are well-lit

  • 72 % Say yards are well-kept

  • 71 % Say kids play outside

  • 68 % Say people would walk alone at night

  • 62 % Say it's walkable to restaurants

  • 62 % Say it's quiet

  • 62 % Say it's walkable to grocery stores

  • 53 % Say neighbors are friendly

  • 49 % Say they plan to stay for at least 5 years

  • 46 % Say there's wildlife

  • 33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Jennifer mens
    "Beautiful place nice people nice houses can’t go wrong just watch out for crazy drivers !!!!!!!!!!!!!!!!"
    0
    Flag
  • Jennifer mens
    "Dog owners would like that there’s a lot of other dog walkers and everyone is nice and mostly cleans up after themselves "
    0
    Flag
  • Daniel_davis25
    "They would like that we have dog appointment areas for them to use the restroom. Also they have doggy bags for pickup and disposal receptacles. "
    0
    Flag
  • Libragirl70
    "There are many dog owners here, dog parks and waste receptacles everywhere. Frederick is very dog friendly. "
    1
    Flag
  • Jeffrey A Leon
    "No longer commute as I am retired. But commute to DC is awful as traffic is terrible and horrible all times."
    0
    Flag
  • Angela Alvarez
    "I’ve lived in Urbana for a year and I love it, the swimming pools and gyms are amazing and the trash collection comes twice a week"
    0
    Flag
  • Angela Alvarez
    "Urbana is the best area of Frederick and the best schools too. It has some restaurants and shops too and an international population"
    0
    Flag
  • Angela Alvarez
    "I’ve lived here 2 years and it’s very safe although extremely diverse. It’s got a lot of nationalities "
    0
    Flag
  • amezy
    "I’ve lived here for over 10 years it’s pretty quiet most of the time and most people keep to themselves. Down side is that there’s nothing to do here so it gets pretty boring."
    0
    Flag
  • Jessica Croxall
    "Lots of dog owners in the neighborhood. Dog parks in the neighborhood that have water, room to run free. "
    0
    Flag
  • Abryle Haynes
    "I don’t know. Just make sure your dog is on a leash. Not all dogs are friendly. And you don’t know what your dog is really capable of around strangers and other dogs. "
    0
    Flag
  • Abryle Haynes
    "30 mins to and from Hagerstown and Montgomery county is not bad. But a lot of accidents on 70 and 270, daily. "
    0
    Flag
  • Lgarber626
    "My current neighborhood is nice and the families are friendly. It’s unique because there is more land separating the houses than in other areas of the county. "
    0
    Flag
  • Nadinewilsonsmith
    "The community event that’s makes the neighborhood special are Community Outreach, community events, clubs and church activities. "
    0
    Flag
  • Robin Wilcox
    "We have lived locally for 12 years and love it. I grew up in Montgomery County and love living here in Frederick!"
    0
    Flag
  • Noellauryn2
    "It’s a very safe neighborhood, there’s lots of parks I just find it can be hard to find a lot of kid and teen spaces. I’d recommend making sure your teen has a license I see this as a place to live with young kids!"
    0
    Flag
  • Terrywilson20115
    "Neighborhood is very dog friendly. People are constantly walking dogs of all sizes and breeds. We have a 100 pound Rottweiler and have no issues walking her in the neighborhood. Everyone is good about adhering to the leash laws. For the most part, people are good about cleaning up after their dog."
    4
    Flag
  • Csn45bxxp2
    "There are a lot of dogs and plenty of places to walk dogs in the area. Multiple parks, dog walking stations. Great place for a great dog life."
    1
    Flag
  • Trulia User
    "That people respect each other spaces on the sidewalks, but there is a problem with picking up at the pets. Even though there are receptacles with bags and then hang on waste area for them to put them in, so no need to be lazy."
    5
    Flag
  • Trulia User
    "Close to the interstate and there are lots of alternate routes using side streets, if you don't want to use the interstate. Roads are typically not congested. "
    5
    Flag
  • Trulia User
    "it is amazing great place to raise a family . schools are good and community is very good. all festivals are celebrated in a good way and people are friendly"
    1
    Flag
  • Trulia User
    "This is a diverse area of mostly well maintained homes. Nice families. I love walking the nature trails with my kids and dogs. Fox, owl, heron, deer are common sights. "
    3
    Flag
  • Trulia User
    "Friendly Neighbors and very diverse. Near downtown frederick and great restaurants and shopping centers "
    2
    Flag
  • Trulia User
    "There are events up at the community center and the pole throughout the summer. And then they do a Christmas decoration contest"
    1
    Flag
  • Trulia User
    "neighborhood is very safe, quiet and clean. it is a great place to live and raise kids. it is a family oriented community with nearby parks and trails. "
    2
    Flag
  • Trulia User
    "It has a rural feel but is close to amenities. Wide shoulders allow for nice walking areas. The community center used to be a one room school house and holds many neighborhoods events like pancake breakfasts, craft fairs, barbecues, etc."
    1
    Flag
  • Prince H.
    "Great peaceful environment and atmosphere. Family setting games and sporting events. Great to raise kids and family "
    1
    Flag
  • Fidel V.
    "Good place to live and friendly many communities in this area to help you out and parks are amazing "
    0
    Flag
  • Dmoore202000
    "I have lived here for 2 years., and the Frederick area is a great place to live and raise kids. Frederick for the most part is extremely safe, and the neighbors tend to look out for one another."
    0
    Flag
  • Herrodje
    "Area is extremely safe with plenty of open spaces to play. There is access to a lot of parks and great schools"
    16
    Flag
  • Colleen F.
    "There are many families and fun activities and the parks and recreation facilities are excellent. The library system is also top shelf."
    1
    Flag
  • Tamy W.
    "There can be a lot of traffic in this area so be wary when letting kids run around the neighborhood. "
    0
    Flag
  • Bella M.
    " Frederick has some of the most diverse schools and some of the highest rated academically he would be really smart to put your kids in a school in Frederick"
    1
    Flag
  • Trulia User
    "Difficult no public transportation, have to get ride from work partners. Or Uber which is an unnecessary expense."
    3
    Flag
  • Tiana M.
    "We love the community and family focus. Peaceful, beautiful, and lots to do. Not the best public transportation but the services are expanding. "
    5
    Flag
  • Marcelaweedon
    "I don’t know if any right now, but I wish I did. I would like to be a part of them or start one. I feel like this would be a good way for old and new neighbors to meet each other. My neighbors are friendly to each other. Just don’t see community events happening."
    8
    Flag
  • Eloy G. C.
    "I’ve been just 3 months in so don’t know well the area or the neighbors. It is a very peaceful neighborhood to live in though."
    1
    Flag
  • Keith.kiddy
    "Neighbors get together and drink wine and occasionally have barbecues. Everyone is always looking out for each other "
    6
    Flag
  • Kathy M. M.
    "just moved. not too aware of Community events that they have. I moved from Miami FL to Frederick Maryland for it having a good mixture of city life a quietness, however I yet have much of it to explore "
    1
    Flag
  • Tia B. .
    "Frederick is a lovely historic and diverse community. The people are friendly and helpful. I do old recommend Frederick to anyone looking for a safe and tight knit community. "
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 516 Elm St

  • What is 516 Elm St estimated to be worth?
    Trulia's estimated value for 516 Elm St in Frederick, MD is $509,300.
  • What is the price history for 516 Elm St?
    516 Elm St in Frederick, MD last sold for $360,000 in January 2021.
  • Is Frederick a buyer's or seller's market?
    Frederick is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Frederick?
    The median sale price in Frederick is $441K. That is up $7.33K from the prior month.
  • Does 516 Elm St have laundry facilities?
    Yes, 516 Elm St in Frederick, MD has in-unit laundry.

Explore by feature - Pet Friendly

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Off Market Homes Near 516 Elm St

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