NOT LISTED FOR SALE

408 E Melbourne Ave Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $440,000 - $485,000

2 Beds
1 Bath
1,116 Sq Ft
$416/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $415,000 $372 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,899/month

5 Days on Market

Highlights

  • Traditional Floor Plan
  • Wood Flooring
  • No HOA
  • Eastern Middle School Rated A-
  • Attic
  • Porch

About This Home

As of October 2023

Welcome to 408 E Melbourne Ave at Indian Spring Park! Cozy bungalow situated on a lovely lot. Loads of potential here! 2 Bedrooms separated by the full bath. Nice living room and separate dining room. Walk out lower level with laundry area. The lower level has 2 separate rooms with windows - family room, office, home gym, storage, sky is the limit. The back yard is partially fenced. Close to major commuter routes, shopping, and dining!

Last Agent to Sell the Property

Karen Thompson

Berkshire Hathaway HomeServices PenFed Realty License #607166 Listed on: 09/01/2023

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Judah Kelly

Samson Properties

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,214

Year Built

  • Built in 1942

Lot Details

  • 6,627 Sq Ft Lot
  • Partially Fenced Property
  • Back and Side Yard
  • Property is zoned R60

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Block Foundation
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Living Room
  • Dining Room
  • Stove
  • Attic

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Interior and Exterior Basement Entry
  • Laundry in Basement
  • Basement Windows

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Indian Spring Park Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 161301014126

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,214

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1942
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dryer, Refrigerator, Washer, Stove
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Floor Plan - Traditional, Wood Floors, Attic
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Laundry
  • Basement: Yes
  • Basement Type: Outside Entrance, Interior Access, Rear Entrance, Windows
  • Laundry Type: Basement
  • Total Sq Ft: 1632
  • Living Area Sq Ft: 1116
  • Price Per Sq Ft: 525.74
  • Above Grade Finished Sq Ft: 816
  • Below Grade Finished Sq Ft: 300
  • Below Grade Sq Ft: 516
  • Total Below Grade Sq Ft: 816
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 408

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Fencing: Partially
  • Land Use Code: Residential
  • Lot Features: Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6627.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2023
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4214.00
  • Assessor Parcel Number: 161301014126
  • Tax Lot: 17
  • Tax Total Finished Sq Ft: 1116
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/13/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Sep 29, 2023
Sold by
Keller Properties Llc
Bought by
Myers Zachary Andrew and Douglass Stephanie
Seller's Agent
Karen Thompson
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Judah Kelly
Samson Properties
List Price
$429,000
Sold Price
$415,000
Premium/Discount to List
-$14,000
-3.26%
Views
46
Current Estimated Value
$464,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,138
Avg. Annual Appreciation
6.38%

Purchase Details

Closed on
May 31, 2012
Sold by
The G & C Properties Corporation
Bought by
Keller Properties Llc

Purchase Details

Closed on
Dec 15, 1994
Sold by
Winterble Jo A
Bought by
G & C Properties Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.03%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Myers Zachary Andrew $415,000 Cardinal Title Group
Keller Properties Llc $288,000 None Available
G & C Properties Corp $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myers Zachary Andrew $345,000
Previous Owner G & C Properties Corp $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $415,000 -3.3% $372 / Sq Ft
09/01/2023 09/01/23 For Sale $429,000 -- $384 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,437 $355,667 -- --
2024 $4,437 $329,900 $233,400 $96,500
2023 $4,420 $329,900 $233,400 $96,500
2022 $4,214 $329,900 $233,400 $96,500
2021 $4,224 $366,500 $233,400 $133,100
2020 $4,224 $339,167 $0 $0
2019 $3,889 $311,833 $0 $0
2018 $3,562 $284,500 $212,500 $72,000
2017 $3,580 $282,000 $0 $0
2016 -- $279,500 $0 $0
2015 $3,536 $277,000 $0 $0
2014 $3,536 $277,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Thompson

    Seller's Agent in 2023

    Karen Thompson

    BHHS PenFed (actual)

    (301) 370-5196

    1 in this area

    47 Total Sales

    Karen Thompson
    Section Image
  • Judah Kelly

    Buyer's Agent in 2023

    Judah Kelly

    Samson Properties

    (202) 210-3380

    1 in this area

    30 Total Sales

    Judah Kelly
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2104648

Bright MLS

APN: 13-01014126

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

408 E Melbourne Ave, Silver Spring, MD

This home is located at 408 E Melbourne Ave, Silver Spring, MD 20901 since 01 September 2023 and is currently estimated at $464,138, approximately $415 per square foot. This property was built in 1942. 408 E Melbourne Ave is a home located in Montgomery County with nearby schools including New Hampshire Estates Elementary School, Oak View Elementary School, and Eastern Middle School.

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