NOT LISTED FOR SALE

Estimated Value: $192,000 - $198,261

2 Beds
1 Bath
966 Sq Ft
$785/mo HOA Fee

Last Sold March 29, 2024

Last sale price $185,000 $192 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,057/month

172 Days on Market

Highlights

  • Fitness Center
  • City View
  • Traditional Floor Plan
  • Takoma Park Elementary School Rated A-
  • Contemporary Architecture
  • 5-minute walk to Opal A. Daniels Neighborhood Park

About This Home

As of March 2024

Situated around the corner from the City Town Hall, 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 just 0.8 of a mile from Metro, walking there is very feasible, and can we say healthy! Up the hill around the corner is the Takoma Food Coop (with great 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 and 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 only 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 & 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 & Location!

Last Agent to Sell the Property

Elliot Barber

(240) 603-8401 Elliotbarber@gmail.com Long & Foster Real Estate, Inc. License #637018 Listed on: 09/14/2023

Long & Foster Real Estate, Inc.

Co-Listed By

David Maplesden

(202) 270-7253 david@maplesdengroup.com Samson Properties License #90067

Last Buyer's Agent

Kiros Asmamaw

(202) 207-6036 kasmamaw@gmail.com Heymann Realty, LLC License #595185

Heymann Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,745

Year Built

  • Built in 1957

Lot Details

  • North Facing Home
  • Property is in excellent condition

HOA Fees

  • $785 Monthly HOA Fees

Property Views

  • City
  • Garden

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • 966 Sq Ft Home
  • Traditional Floor Plan
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Gas Oven or Range
  • Stove
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Assigned parking located at #10
  • Parking Lot
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed
  • Ramp on the main level

Schools

  • Piney Branch Elementary School
  • Takoma Park Middle School
  • Montgomery Blair High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 161303483797

Community Details

Overview

  • Association fees include air conditioning, common area maintenance, custodial services maintenance, exterior building maintenance, gas, heat, insurance, lawn care front, lawn care rear, lawn care side, reserve funds, sewer, snow removal, trash, water
  • 56 Units
  • Mid-Rise Condominium
  • The Sherwood Condos
  • Sherwood Codm Community
  • Takoma Park Subdivision
  • Property Manager
  • Property has 5 Levels

Amenities

  • Laundry Facilities
  • 1 Elevator

Recreation

  • Fitness Center

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,745

Year Built

Built in 1957

Lot Details

0

HOA Fees

$785 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Ramp - Main Level, Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1957
  • Assigned Parking Space Numbers: 10
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Stove, Range Hood, Oven/Range - Gas
  • Entry Floor: 5
  • Flooring Type: Hardwood
  • Interior Amenities: Dining Area, Elevator, Floor Plan - Traditional, Kitchen - Galley, Wood Floors
  • Window Features: Double Pane
  • Fireplace: No
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Levels Count: 5
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1
  • Basement: No
  • Laundry Type: Shared, Common
  • Total Sq Ft: 966
  • Living Area Sq Ft: 966
  • Price Per Sq Ft: 191.51
  • Above Grade Finished Sq Ft: 966
  • Above Grade Finished Area Units: Square Feet

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
  • Exterior Features: Street Lights
  • Roof: Unknown
  • Spa: No
  • View: City, Garden/Lawn
  • 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: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Phone Available, Water Available, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 785.03
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Sherwood
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Gas, Heat, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: PINEY BRANCH
  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: TAKOMA PARK

Lot Info

  • Horses: No
  • Property Condition: Excellent
  • Zoning: R10
  • Zoning Description: Residential multi-unit
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok, Size/Weight Restriction, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 2745.00
  • Assessor Parcel Number: 161303483797
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Mar 27, 2024
Sold by
Baumann Virginia L
Bought by
Sisaye Temeche Berhanu and Beyene Bizuayehu Gossaye
Seller's Agent
Elliot Barber
Long & Foster Real Estate, Inc.
Buyer's Agent
Kiros Asmamaw
Heymann Realty, LLC
List Price
$203,500
Sold Price
$185,000
Premium/Discount to List
-$18,500
-9.09%
Views
259
Current Estimated Value
$195,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,565
Avg. Annual Appreciation
3.42%
Original Mortgage
$148,000
Outstanding Balance
$145,814
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$49,751
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sisaye Temeche Berhanu $185,000 Doma Title
Berhanu Sisaye Temeche $185,000 Doma Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berhanu Sisaye Temeche $148,000
Closed Berhanu Sisaye Temeche $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $185,000 0.0% $192 / Sq Ft
02/27/2024 02/27/24 Price Changed $185,000 -5.1% $192 / Sq Ft
01/05/2024 01/05/24 Price Changed $195,000 -2.5% $202 / Sq Ft
11/28/2023 11/28/23 Price Changed $199,900 -1.8% $207 / Sq Ft
09/14/2023 09/14/23 For Sale $203,500 -- $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 $2,915 $175,000 -- --
2024 $2,915 $170,000 $51,000 $119,000
2023 $2,745 $160,000 $0 $0
2022 $2,465 $150,000 $0 $0
2021 $0 $140,000 $42,000 $98,000
2020 $2,207 $133,333 $0 $0
2019 $2,096 $126,667 $0 $0
2018 $1,961 $120,000 $36,000 $84,000
2017 $1,996 $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

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Map

Source: Bright MLS

MLS Number: MDMC2107254

Bright MLS

APN: 13-03483797