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$185,000   Price Analysis
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116 Lee Ave Apt 503
Takoma Park, MD 20912
2 bed 1 bath 966 SqFt ($191/SqFt)
Built 1957
Listed 2023-09-14, HOA $785, Taxes $2,482
Ⓧ USDA Ineligible
due to location

near Carole Highlands

Situated around the corner from the City Town Hall

* No Longer For Sale *
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Library, Police Station and a short stroll to the elementary and middle schools and Sligo Creek Park w/miles of hike/bike trails, this 966 square foot condominium is in a super convenient location that is ideal for walking to places you want to be! At 0.8 of a mile from Metro, walking there is feasible and can we say healthy. Up the hill around the corner is the Takoma Food Coop (with exceptional organic choices) and many restaurants in the Historic District are a short distance away. Pretty oak hardwood floors greet you in the well-sized east-facing living/dining room which is an excellent viewing platform to view the July 4th City Firework display. The kitchen features stainless appliances nd maple cabinets. The stainless gas stove is the preference of most who like to cook. A dishwasher, built-in microwave, disposal and refrigerator are also an added bonus. The large double-pane windows bring great light, especially on the short winter afternoons. The dining L is an ample size - plenty of room for a full-sized table! The updated bathroom with a reglazed tub greets you in the hallway with custom tile. The roomy bedrooms and hallway have custom mirrored closets with lights in them. You can fit a king-size bed in the larger bedroom with ease and it has windows on two sides. There are oak hardwood floors throughout the condo. Great value in the $785 per month condo fee that includes heating, Central Air Conditioning, hot water, water and sewer and building maintenance. You pay for electric lights!

A large laundry is found on the basement level. Pets are allowed in the building and should be registered with the condo. Recent improvements include a fresh coat of paint throughout the entire unit. The assigned parking space #10 is in front of the entrance level of the building and can be viewed from the condo living room. This is a smoke-free building. Great financing options are available; Fannie Mae/Freddie Mac and the condo is VA approved so veterans can buy for as little as zero down. Conventional low-down-payment financing is also available (subject to lender requirements). The City of Takoma Park offers first-time buyers the Home Stretch program which provides a grant of up to $10, 000 that may be used towards down payment and closing costs subject to income restrictions and other conditions (contact listing agent for details). Whether you are starting your climb on the housing ladder or downsizing but want to be in a much sought-after City, this roomy condo offers you a great location at a modest price With a bright western view of the City of Takoma Park! Great value and Location!


Presented by Elliot Barber at
Long & Foster Takoma Park Old Town.


Property MLS #MDMC2107254 from BrightMLS

Bedrooms: 2

Total Bathrooms: 1
Full Bathrooms: 1

Dining Area
Elevator
Floor Plan - Traditional
Kitchen - Galley
Wood Floors

Dishwasher
Stove
Range Hood
Oven/Range - Gas
Washer Dryer Hookup: No

Cooling Features: Central A/C, Ceiling Fan(s)
Heating Features: Forced Air
Heating: Yes

Parking Features: Assigned, Parking Lot Spaces: 1, Parking Lot
Parking Total: 1

Association: No
Association Fee: 785
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 785

Elementary School: PINEY BRANCH
High School: MONTGOMERY BLAIR
Middle School: TAKOMA PARK
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Takoma Park Middle School is a public middle school located approximately 0.4 miles away.
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Montgomery Blair High School is a public high school located approximately 2.6 miles away.
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Piney Branch Elementary School is a public elementary school located approximately 0.1 miles away.
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John Nevins Andrews School is a private elementary and middle school located approximately 0.5 miles away.
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Number of Units: 56

Municipality: City of Takoma Park
Annual Tax Amount: 2745.0
Source Listing Status: Closed
County: MONTGOMERY
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: MONTGOMERY
Property Subtype: condo
Source Neighborhood: TAKOMA PARK
Postal Code Plus 4: 4959
Subdivision: TAKOMA PARK
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$150,000
$2,482
2021$98,000 + $42,000
$140,000
$2,316
2020$unknown + $unknown
$133,333
$2,206
2015$77,000 + $33,000
$110,000
$1,872
2014$unknown + $unknown
$110,000
$1,886
2012$unknown + $unknown
$180,000
$3,062
2011$unknown + $unknown
$180,000
$2,291
2010$unknown + $unknown
$180,000
$2,211
2009$unknown + $unknown
$270,000
$3,659
2008$unknown + $unknown
$270,000
$3,642

Sold 2024-03-29
$185,000
BrightMLS
Price Changed 2024-02-27
$185,000
BrightMLS
Relisted 2024-01-05
$195,000
BrightMLS
Listing removed 2024-01-04
$0
BrightMLS
Price Changed 2023-11-28
$199,900
BrightMLS
Listed 2023-09-14
$203,500
BrightMLS
Sold 2006-08-30
$270,000
Public Record

Total Square Feet Living: 966
Year Built: 1957
Above Grade Finished Area: 966
Building Name: SHERWOOD CODM
Construction Materials: Brick
Property Age: 67
Levels or Stories: 5
Structure Type: Unit/Flat/Apartment
House Style: Contemporary
Total Area Sqft: 966
Elevator: Yes

Ramp - Main Level
Elevator

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.