Seller's Agent in 2023
David Maplesden
Samson Properties
(202) 270-7253
34 in this area
95 Total Sales
The Sherwood Apartments 116 Lee Ave Unit 508 Takoma Park, MD 20912
Estimated Value: $196,000 - $238,000
2
Beds
1
Bath
984
Sq Ft
$797/mo
HOA Fee
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 May 2023Situated 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 984 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 West facing living/dining room that is an excellent viewing platform to view the July 4th City Firework display when operations are normal. The granite countertop 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, and 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 $699 per month condo fee that includes heating, Central Air Conditioning, hot water, water and sewer, and building maintenance. You only pay for electric lights! Though a car may not be needed, you do get an individual parking space #51 at the west side of the building which you can view from both bedrooms and the living room window. 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 new microwave 2/21 and a new Circuit Breaker electric panel new 2/20. This is a smoke-free building.
Great financing options are available; 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 that provides a grant of up to $10,000 that may be used towards downpayment and closing costs subject to income restrictions and other conditions (see listing agent for details).
This is a non-smoking building per condo resolution 3/21 in units and common areas.
Whether you are starting your climb on the housing ladder or downsizing but want to be in a much sought 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!
Last Agent to Sell the Property
(202) 270-7253 david@maplesdengroup.com Samson Properties License #90067 Listed on: 05/04/2023
Co-Listed By
(240) 603-8401 Elliotbarber@gmail.com Long & Foster Real Estate, Inc. License #637018
Last Buyer's Agent
Janette Coffee
(571) 331-0718 janettecoffee@northroprealty.com Redfin Corp License #0225251077
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,483
Year Built
- Built in 1957 | Remodeled in 2006
Lot Details
- Two or More Common Walls
- Infill Lot
- Cleared Lot
- Property is in good condition
HOA Fees
- $797 Monthly HOA Fees
Property Views
- City
- Garden
Home Design
- Contemporary Architecture
- Entry on the 5th floor
- Brick Exterior Construction
Interior Spaces
- 984 Sq Ft Home
- Property has 1 Level
- Traditional Floor Plan
- Double Pane Windows
- Window Treatments
- Sliding Windows
- Window Screens
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Galley Kitchen
- Gas Oven or Range
- Range Hood
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Home Security
Parking
- Assigned parking located at #51
- Lighted Parking
- On-Site Parking for Sale
- Parking Lot
- Off-Street Parking
- 1 Assigned Parking Space
Schools
- Takoma Educational Campus Elementary And Middle School
- Montgomery Blair High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Natural Gas Water Heater
- Municipal Trash
- Multiple Phone Lines
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Exterior Lighting
Listing and Financial Details
- Assessor Parcel Number 161303483844
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
Amenities
- Laundry Facilities
- 1 Elevator
Recreation
- Fitness Center
Pet Policy
- Pets Allowed
- Pet Size Limit
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2023
Closed on
May 19, 2023
Sold by
Silberman David
Bought by
Christopher Elizabeth Wilson
Seller's Agent
David Maplesden
Samson Properties
Buyer's Agent
Janette Coffee
Redfin Corp
List Price
$209,000
Sold Price
$214,000
Premium/Discount to List
$5,000
2.39%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,500
Avg. Annual Appreciation
-0.47%
Original Mortgage
$164,000
Outstanding Balance
$159,440
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$52,060
Purchase Details
Listed on
Sep 27, 2013
Closed on
Sep 22, 2014
Sold by
Fedota John R and Rusin Laren
Bought by
Silberman David and Silberman Camille
Seller's Agent
David Maplesden
Samson Properties
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$130,000
Sold Price
$130,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%
Original Mortgage
$100,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 18, 2005
Sold by
Lis Nao Llc
Bought by
Fedota John R
Purchase Details
Closed on
May 16, 2005
Sold by
Lis Nao Llc
Bought by
Fedota John R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Christopher Elizabeth Wilson | $214,000 | None Listed On Document | |
| Wilson Christopher Elizabeth | $214,000 | None Listed On Document | |
| Silberman David | $130,000 | Unique Title & Signature Llc | |
| Fedota John R | $260,000 | -- | |
| Fedota John R | $260,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wilson Christopher Elizabeth | $164,000 | |
| Closed | Wilson Christopher Elizabeth | $164,000 | |
| Previous Owner | Silberman David | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $214,000 | +2.4% | $217 / Sq Ft | |
| 05/04/2023 05/04/23 | For Sale | $209,000 | +60.8% | $212 / Sq Ft | |
| 09/22/2014 09/22/14 | Sold | $130,000 | 0.0% | $132 / Sq Ft | View Prior Sale |
| 06/06/2014 06/06/14 | Pending | -- | -- | -- | |
| 05/10/2014 05/10/14 | Price Changed | $130,000 | 0.0% | $132 / Sq Ft | |
| 05/10/2014 05/10/14 | For Sale | $130,000 | -3.7% | $132 / Sq Ft | |
| 02/26/2014 02/26/14 | Pending | -- | -- | -- | |
| 02/12/2014 02/12/14 | Price Changed | $135,000 | -6.9% | $137 / Sq Ft | |
| 01/24/2014 01/24/14 | Price Changed | $145,000 | -3.3% | $147 / Sq Ft | |
| 01/15/2014 01/15/14 | Price Changed | $150,000 | 0.0% | $152 / Sq Ft | |
| 01/15/2014 01/15/14 | For Sale | $150,000 | +25.0% | $152 / Sq Ft | |
| 10/15/2013 10/15/13 | Pending | -- | -- | -- | |
| 09/27/2013 09/27/13 | For Sale | $120,000 | -- | $122 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,316 | $140,000 | $42,000 | $98,000 |
| 2020 | $0 | $133,333 | $0 | $0 |
| 2019 | $2,096 | $126,667 | $0 | $0 |
| 2018 | $1,285 | $120,000 | $36,000 | $84,000 |
| 2017 | $1,267 | $116,667 | $0 | $0 |
| 2016 | $2,291 | $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
-
David Maplesden
-
Elliot Barber
Seller Co-Listing Agent in 2023
Elliot Barber
Long & Foster
(240) 603-8401
34 in this area
114 Total Sales
-
Janette Coffee
J
Buyer's Agent in 2023
Janette Coffee
Redfin Corp
-
N
Buyer's Agent in 2014
Non Member Member
Metropolitan Regional Information Systems
About The Sherwood Apartments
Map
Source: Bright MLS
MLS Number: MDMC2091708
APN: 13-03483844
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