NOT LISTED FOR SALE

506 E Melbourne Ave Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $507,000 - $573,706

6 Beds
3 Baths
1,204 Sq Ft
$447/Sq Ft Est. Value

About This Home

This home is located at 506 E Melbourne Ave, Silver Spring, MD 20901 and is currently estimated at $538,677, approximately $447 per square foot. 506 E Melbourne Ave is a home located in Montgomery County with nearby schools including Montgomery Knolls Elementary School, Pine Crest Elementary School, and Eastern Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2021
Sold by
Rauda Marvin A
Bought by
Ortiz Jose A
Current Estimated Value
$536,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,400
Outstanding Balance
$270,929
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$267,748

Purchase Details

Closed on
Dec 20, 2016
Sold by
Rauda Marvin A and Romero Pedro L
Bought by
Rauda Marvin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,987
Interest Rate
4.15%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 14, 2011
Sold by
Ortiz Francisco I
Bought by
Rauda Marvin A and Romero Pedro L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,028
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 2006
Sold by
Nunez Juan C
Bought by
Ortiz Francisco I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2006
Sold by
Nunez Juan C
Bought by
Ortiz Francisco I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2004
Sold by
Nunez Juan C and Nunez F
Bought by
Nunez Juan C and Nunez Alexandra Ramos

Purchase Details

Closed on
Jun 13, 1996
Sold by
Rose Berez Trustee
Bought by
Juan C C and Juan Nunez F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Ortiz Jose A $373,000 Jdm Title Llc
Rauda Marvin A -- Jdm Title Llc
Rauda Marvin A $275,000 Jdm Title Llc
Ortiz Francisco I $485,000 --
Ortiz Francisco I $485,000 --
Nunez Juan C -- --
Juan C C $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Jose A $298,400
Previous Owner Rauda Marvin A $289,987
Previous Owner Rauda Marvin A $268,028
Previous Owner Ortiz Francisco I $97,000
Previous Owner Ortiz Francisco I $388,000
Previous Owner Ortiz Francisco I $388,000
Source: Public Records

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 $5,765 $470,167 -- --
2024 $5,765 $437,300 $210,600 $226,700
2023 $6,217 $418,533 $0 $0
2022 $4,373 $399,767 $0 $0
2021 $4,792 $381,000 $210,600 $170,400
2020 $9,386 $375,167 $0 $0
2019 $4,593 $369,333 $0 $0
2018 $4,505 $363,500 $203,100 $160,400
2017 $3,683 $351,600 $0 $0
2016 $3,188 $339,700 $0 $0
2015 $3,188 $327,800 $0 $0
2014 $3,188 $325,500 $0 $0
Source: Public Records

Map

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

506 E Melbourne Ave, Silver Spring, MD

Not Listed for Sale

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