$570,000
●
House -
Off Market
504 E MELBOURNE AVE
SILVER SPRING, MD 20901
5 Beds
3 Baths
1,387 Ft²
$589,149
RealtyHop Estimate
0.71%
Since May 1, 2023
DC-Washington
Primary Model
About This Property
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...
Unit Size
1,387 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$422
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1959
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (Bright MLS #MDMC2080552)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2023 | Sold | ||
| Sold | |||
| Feb 19, 2023 | Listed by EXP Realty, LLC | $585,000 | |
| Listed by EXP Realty, LLC | |||
| Dec 2, 2022 | No longer available | - | |
| No longer available | |||
| Oct 26, 2022 | Price Decreased |
$585,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Sep 22, 2022 | Listed by Compass | $605,000 | |
| Listed by Compass | |||
| | |||
|
Welcome to this large (2700sq ft of finished space on two levels) and nicely updated home in lovely Franklin Knolls. Four main level bedrooms, and a completely finished basement are perfectly complimented by a large, level and fully fenced back yard. Conveniently located minutes to major commuter routes including the Capital Beltway I-495, Rt. 29 Colesville Rd and University Blvd. and minutes to the Silver Spring Metro! Shopping and restaurants are close by including the Woodmoor Shopping Center, South Four Corners as well as Downtown Silver Spring and all it has to offer! Furnishings are virtually staged. The manager has listed the unit size as 2774 square feet.
| |||
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About Silver Spring
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Listed by: Brian Mayer
EXP Realty, LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDMC2080552
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
EXP Realty, LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDMC2080552
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017