NOT LISTED FOR SALE

The Sherwood Apartments 116 Lee Ave Takoma Park, MD 20912

Estimated Value: $206,000 - $232,797

2 Beds
1 Bath
981 Sq Ft
$768/mo HOA Fee

Last Sold January 19, 2024

Last sale price $200,000 $204 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,200/month

48 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Main Floor Bedroom
  • Takoma Park Elementary School Rated A-
  • Wood Flooring
  • 5-minute walk to Opal A. Daniels Neighborhood Park

About This Home

As of January 2024

Welcome to 116 Lee Ave, Takoma Park MD unit 405 A well maintained and recently renovated 981 square feet 2 bed 1 bath condo unit, including granite countertops and hardwood floors. Close to the beautiful Takoma Park Historic District, Takoma Park Metro, and Sligo Creek Parkway. This is a must seeing property.

Last Agent to Sell the Property

Andre Margutti

Redfin Corp License #630206 Listed on: 10/20/2023

Redfin Corp

Last Buyer's Agent

Kathryn Frazier

TTR Sotheby's International Realty License #SP200202046

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,483

Year Built

  • Built in 1957

HOA Fees

  • $768 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 981 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Stove
  • <<microwave>>
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Assigned parking located at #2
  • 1 Assigned Parking Space

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Property is in good condition

Listing and Financial Details

  • Assessor Parcel Number 161303483695

Community Details

Overview

  • Association fees include sewer, heat, common area maintenance, exterior building maintenance, management, reserve funds, snow removal, trash, water
  • Low-Rise Condominium
  • Sherwood Codm Community
  • Sherwood Codm Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,483

Year Built

Built in 1957

Lot Details

0

HOA Fees

$768 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-10-21
  • Year Built: 1957
  • Assigned Parking Space Numbers: 2
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Stove, Microwave, Refrigerator, Dishwasher, Disposal
  • Entry Floor: 4
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Upgraded Countertops, Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 981
  • Living Area Sq Ft: 981
  • Price Per Sq Ft: 209.99
  • Above Grade Finished Sq Ft: 981
  • 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

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: 768.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Sewer, Heat, Common Area Maintenance, Ext Bldg Maint, Management, Reserve Funds, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: R10
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2483.00
  • Assessor Parcel Number: 161303483695
  • Tax Total Finished Sq Ft: 981
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/19/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Jan 19, 2024
Sold by
Edwards Shaun
Bought by
Williamson Rachel
Seller's Agent
Andre Margutti
Redfin Corp
Buyer's Agent
Kathryn Frazier
TTR Sotheby's International Realty
List Price
$206,000
Sold Price
$200,000
Premium/Discount to List
-$6,000
-2.91%
Views
112
Current Estimated Value
$214,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,699
Avg. Annual Appreciation
5.18%
Original Mortgage
$160,000
Outstanding Balance
$158,074
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$57,656

Purchase Details

Listed on
Sep 3, 2017
Closed on
Oct 27, 2017
Sold by
Wilson Patrick Charles and Aw Aminata
Bought by
Edwards Shaun
Seller's Agent
Roberta Kimball
Long & Foster Real Estate, Inc.
Buyer's Agent
Thomas Pinello
EXIT Deluxe Realty
List Price
$144,900
Sold Price
$144,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$130,410
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2007
Sold by
Lis Nao Llc
Bought by
Wilson Patrick Charles and Aminata Aw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2007
Sold by
Lis Nao Llc
Bought by
Wilson Patrick Charles and Aminata Aw

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Williamson Rachel $200,000 Westcor Land Title Insurance C
Edwards Shaun $144,900 Hutton Patt Title & Escrow L
Wilson Patrick Charles $265,000 --
Wilson Patrick Charles $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williamson Rachel $160,000
Previous Owner Edwards Shaun $130,410
Previous Owner Wilson Patrick Charles $65,000
Previous Owner Wilson Patrick Charles $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2024 01/19/24 Sold $200,000 -2.9% $204 / Sq Ft
10/20/2023 10/20/23 For Sale $206,000 +42.2% $210 / Sq Ft
10/27/2017 10/27/17 Sold $144,900 0.0% $148 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
09/03/2017 09/03/17 For Sale $144,900 0.0% $148 / Sq Ft
07/01/2015 07/01/15 Rented $1,650 0.0% --
06/15/2015 06/15/15 Under Contract -- -- --
04/10/2015 04/10/15 For Rent $1,650 -- --
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 $77 $133,333 $0 $0
2019 $1,404 $126,667 $0 $0
2018 $1,285 $120,000 $36,000 $84,000
2017 $1,959 $116,667 $0 $0
2016 -- $113,333 $0 $0
2015 -- $110,000 $0 $0
2014 -- $110,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Andre Margutti

    Redfin Corp

    Section Image

  • K

    Buyer's Agent in 2024

    Kathryn Frazier

    TTR Sotheby's International Realty

    1 in this area

    77 Total Sales

    Kathryn Frazier
    Section Image

  • R

    Seller's Agent in 2017

    Roberta Kimball

    Long & Foster

    Section Image

  • T

    Buyer's Agent in 2017

    Thomas Pinello

    EXIT Deluxe Realty

    Section Image
  • Gay Horney

    Seller's Agent in 2015

    Gay Horney

    Long & Foster

    (301) 503-7152

    22 Total Sales

    Gay Horney
    Section Image
See All Agents

About The Sherwood Apartments

Map

Source: Bright MLS

MLS Number: MDMC2110430

Bright MLS

APN: 13-03483695

Maryland Montgomery County Takoma Park 20912

116 Lee Ave, Takoma Park, MD

This home is located at 116 Lee Ave, Takoma Park, MD 20912 since 20 October 2023 and is currently estimated at $214,699, approximately $218 per square foot. This property was built in 1957. 116 Lee Ave 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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