NOT LISTED FOR SALE

The Sherwood Apartments 116 Lee Ave Unit 305 Takoma Park, MD 20912

Estimated Value: $197,000 - $223,302

2 Beds
1 Bath
943 Sq Ft
$766/mo HOA Fee

Last Sold April 27, 2023

Last sale price $205,000 $217 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,166/month

9 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Stainless Steel Appliances
  • Takoma Park Elementary School Rated A-
  • Elevator
  • 5-minute walk to Opal A. Daniels Neighborhood Park

About This Home

As of April 2023

Open House Sunday, March 19, 2pm-4pm. New in Takoma Park! Walk to metro, shops, restaurants. This bright 2-bedroom condo is perfectly located - walking distance to both Takoma Park and Silver Spring with access to parks and trails. You’ll enjoy the open-concept living and dining areas with ample space for a home office. The kitchen is equipped with brand new stainless steel refrigerator and stove, granite countertops, and counter seating, perfect for entertaining guests. Original hardwoods run throughout, adding a touch of classic charm to the space. The primary bedroom is full of light, as is the second bedroom. A full bath and plenty of storage complete the home. New windows throughout. Condo fee includes all utilities. Reserved parking for one car. Here is what is nearby:
0.3 mi to Takoma Park-Silver Spring Food Co-op
0.4 mi to Takoma-Piney Branch Park
0.5 mi to Sligo Creek Trail
0.6 mi to downtown Takoma Park
0.8 mi to Takoma Metro
1.8 mi to Downtown Silver Spring

Last Agent to Sell the Property

Deborah Gerald

Compass License #645018 Listed on: 03/15/2023

Compass

Last Buyer's Agent

Michael Villacres

Michael Benmira Villacres License #0225236298

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,483

Year Built

  • Built in 1957

HOA Fees

  • $766 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 943 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • <<builtInMicrowave>>
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Assigned parking located at #52
  • 1 Assigned Parking Space

Schools

  • Takoma Park Elementary And Middle School
  • Montgomery Blair High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303483571

Community Details

Overview

  • Association fees include air conditioning, common area maintenance, gas, heat, insurance, management
  • Mid-Rise Condominium
  • Sherwood Codm Community
  • Sherwood Codm Subdivision

Amenities

  • Common Area
  • Laundry Facilities
  • Elevator

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,483

Year Built

Built in 1957

Lot Details

0

HOA Fees

$766 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-03-17
  • Year Built: 1957
  • Assigned Parking Space Numbers: 52
  • Automatically Close On Close Date: No
  • Remarks Public: Open House Sunday, March 19, 2pm-4pm. New in Takoma Park! Walk to metro, shops, restaurants. This bright 2-bedroom condo is perfectly located - walking distance to both Takoma Park and Silver Spring with access to parks and trails. You’ll enjoy the open-concept living and dining areas with ample space for a home office. The kitchen is equipped with brand new stainless steel refrigerator and stove, granite countertops, and counter seating, perfect for entertaining guests. Original hardwoods run throughout, adding a touch of classic charm to the space. The primary bedroom is full of light, as is the second bedroom. A full bath and plenty of storage complete the home. New windows throughout. Condo fee includes all utilities. Reserved parking for one car. Here is what is nearby: 0.3 mi to Takoma Park-Silver Spring Food Co-op 0.4 mi to Takoma-Piney Branch Park 0.5 mi to Sligo Creek Trail 0.6 mi to downtown Takoma Park 0.8 mi to Takoma Metro 1.8 mi to Downtown Silver Spring
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Dishwasher
  • Entry Floor: 3
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open, Wood Floors
  • Levels Count: 1
  • Room Count: 5
  • Basement: No
  • Total Sq Ft: 943
  • Living Area Sq Ft: 943
  • Price Per Sq Ft: 217.39
  • Above Grade Finished Sq Ft: 943
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

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: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 765.72
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Laundry Facilities, Elevator
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Common Area Maintenance, Gas, Heat, Insurance, Management
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: TAKOMA PARK
  • Middle School: TAKOMA PARK
  • High School: MONTGOMERY BLAIR
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: TAKOMA PARK
  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: TAKOMA PARK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 119000.00
  • Land Assessed Value: 51000.00
  • Land Use Code: U
  • Year Assessed: 2023
  • Zoning: R10
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14098182
  • Tax Annual Amount: 2483.00
  • Assessor Parcel Number: 161303483571
  • Tax Total Finished Sq Ft: 943
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/27/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Apr 26, 2023
Sold by
Mcgrath Peter R
Bought by
Famadas Amanda
Seller's Agent
Deborah Gerald
Compass
Buyer's Agent
Michael Villacres
Michael Benmira Villacres
List Price
$205,000
Sold Price
$205,000
Views
74
Current Estimated Value
$208,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,826
Avg. Annual Appreciation
2.07%
Original Mortgage
$164,000
Outstanding Balance
$160,115
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$54,519

Purchase Details

Closed on
Apr 11, 2006
Sold by
Lis Nao Llc
Bought by
Mcgrath Peter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.26%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 24, 2006
Sold by
Lis Nao Llc
Bought by
Mcgrath Peter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.26%
Mortgage Type
Stand Alone Second
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
Famadas Amanda $205,000 Wfg National Title
Mcgrath Peter R $280,000 --
Mcgrath Peter R $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Famadas Amanda $164,000
Previous Owner Mcgrath Peter R $56,000
Previous Owner Mcgrath Peter R $224,000
Previous Owner Mcgrath Peter R $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Sold $205,000 0.0% $217 / Sq Ft
03/15/2023 03/15/23 For Sale $205,000 -- $217 / 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
2024 $2,915 $170,000 $51,000 $119,000
2023 $3,437 $160,000 $0 $0
2022 $2,465 $150,000 $0 $0
2021 $1,624 $140,000 $42,000 $98,000
2020 $1,515 $133,333 $0 $0
2019 $1,404 $126,667 $0 $0
2018 $1,285 $120,000 $36,000 $84,000
2017 $1,267 $116,667 $0 $0
2016 -- $113,333 $0 $0
2015 $2,291 $110,000 $0 $0
2014 $2,291 $110,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Gerald

    Seller's Agent in 2023

    Deborah Gerald

    Compass

    (301) 873-0422

    7 in this area

    74 Total Sales

    Deborah Gerald
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Villacres

    Michael Benmira Villacres

    (571) 331-0403

    1 in this area

    24 Total Sales

    Michael Villacres
    Section Image
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About The Sherwood Apartments

Map

Source: Bright MLS

MLS Number: MDMC2085148

Bright MLS

APN: 13-03483571

Maryland Montgomery County Takoma Park 20912

116 Lee Ave Unit 305, Takoma Park, MD

This home is located at 116 Lee Ave Unit 305, Takoma Park, MD 20912 since 15 March 2023 and is currently estimated at $208,826, approximately $221 per square foot. This property was built in 1957. 116 Lee Ave Unit 305 is a home located in Montgomery County with nearby schools including Takoma Park Elementary School, Piney Branch Elementary School, and Takoma Park Middle School.

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