NOT LISTED FOR SALE

504 E Melbourne Ave Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $605,000 - $662,000

5 Beds
3 Baths
2,774 Sq Ft
$229/Sq Ft Est. Value

Last Sold April 10, 2023

Last sale price $570,000 $205 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,808/month

21 Days on Market

Highlights

  • Rambler Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • Montgomery Knolls Elementary School Rated A-
  • More Than Two Accessible Exits

About This Home

As of April 2023

More Than Meets The Eye With Over 2700 sqft Of Finished Space In A Great Location! The Owner Has Made All The Right Upgrades You Must Come To See This One In Person. The Back Yard Is Huge & The Basement Has An Outside Entrance Perfect For Potential Income Or Multi Family Living. Located Just 1 Minute From The Beltway & Close To The Metro With The Purple Line Coming In The Future Within Walking Distance. This OneWon't Last Long In This Market Come See It Before It's Gone...

Last Agent to Sell the Property

Brian Mayer

(443) 624-9398 brian@themayergroup.net Real Broker, LLC Listed on: 02/19/2023

Real Broker, LLC

Last Buyer's Agent

Maria Sabatini

(773) 412-4484 sabatini.realtor@gmail.com Samson Properties License #663767

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,124

Year Built

  • Built in 1959

Lot Details

  • 7,865 Sq Ft Lot
  • Property is zoned R60

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Slab Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Finished Basement

Bedrooms and Bathrooms

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Franklin Knolls Subdivision

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 161301354103

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,124

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2023-02-19
  • Year Built: 1959
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Foundation Details: Concrete Perimeter, Permanent, Slab
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2774
  • Living Area Sq Ft: 2774
  • Price Per Sq Ft: 421.77
  • Above Grade Finished Sq Ft: 1387
  • Below Grade Finished Sq Ft: 1387
  • Total Below Grade Sq Ft: 1387
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street, Driveway

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central, Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • 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 Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7865.00
  • Zoning: R60
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5124.00
  • Assessor Parcel Number: 161301354103
  • Tax Lot: 33
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2023
Closed on
Apr 7, 2023
Sold by
Wong Jeffrey K and Wong Emily Ying
Bought by
Mahrammi Hossein Ali and Mahrammi Razia
Seller's Agent
Brian Mayer
Real Broker, LLC
Buyer's Agent
Maria Sabatini
Samson Properties
List Price
$585,000
Sold Price
$570,000
Premium/Discount to List
-$15,000
-2.56%
Views
127
Current Estimated Value
$633,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,979
Avg. Annual Appreciation
3.99%
Original Mortgage
$484,500
Outstanding Balance
$468,803
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$165,176

Purchase Details

Closed on
Oct 10, 2011
Sold by
Wong Kin Man
Bought by
Wong Kin Man and Liang Li Ying

Purchase Details

Closed on
May 21, 2001
Sold by
Poon Pui Y
Bought by
Wong Kin M

Purchase Details

Closed on
Nov 7, 1996
Sold by
Robert Yoo
Bought by
Pui Y Poon

Purchase Details

Closed on
May 16, 1996
Sold by
Yoo Robert
Bought by
Robert Yoo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mahrammi Hossein Ali $570,000 Old Republic National Title
Ali Mahrammi Hossein $570,000 Old Republic National Title
Wong Kin Man -- Montgomery Title Company Llc
Wong Kin M -- --
Pui Y Poon -- --
Robert Yoo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ali Mahrammi Hossein $484,500
Closed Ali Mahrammi Hossein $484,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2023 04/10/23 Sold $570,000 -2.6% $205 / Sq Ft
02/19/2023 02/19/23 For Sale $585,000 -- $211 / 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 $5,833 $496,433 -- --
2024 $5,833 $443,200 $212,200 $231,000
2023 $5,590 $424,167 $0 $0
2022 $5,124 $405,133 $0 $0
2021 $4,749 $386,100 $212,200 $173,900
2020 $4,749 $380,300 $0 $0
2019 $4,650 $374,500 $0 $0
2018 $4,562 $368,700 $204,700 $164,000
2017 $4,489 $356,633 $0 $0
2016 -- $344,567 $0 $0
2015 $3,306 $332,500 $0 $0
2014 $3,306 $332,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Mayer

    Seller's Agent in 2023

    Brian Mayer

    Real Broker, LLC

    (443) 624-9398

    2 in this area

    96 Total Sales

    Brian Mayer
    Section Image
  • Maria Sabatini

    Buyer's Agent in 2023

    Maria Sabatini

    Samson Properties

    (773) 412-4484

    2 in this area

    34 Total Sales

    Maria Sabatini
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2080552

Bright MLS

APN: 13-01354103

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

504 E Melbourne Ave, Silver Spring, MD

Not Listed for Sale

Detached

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