NOT LISTED FOR SALE

The Sherwood Apartments 116 Lee Ave Takoma Park, MD 20912

Estimated Value: $156,000 - $163,000

1 Bed
1 Bath
710 Sq Ft
$576/mo HOA Fee

Last Sold March 15, 2024

Last sale price $155,000 $218 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,623/month

78 Days on Market

Highlights

  • Convector
  • Convector Heater
  • 5-minute walk to Opal A. Daniels Neighborhood Park
  • Takoma Park Elementary School Rated A-
  • Laundry Facilities

About This Home

As of March 2024

Wonderful opportunity to purchase a one bedroom one bathroom condo with one assigned parking space in the heart of Takoma Park. With over 700sq/ft of living space, hardwood flooring throughout, freshly painted, modern kitchen with an open floorplan, and multiple windows allow in an abundance of natural light. The Sherwood Condominium is under one mile to the Takoma Park metro, very convenient to Silver Spring, Bethesda, downtown DC, and just a short walk to the numerous coffee shops, restaurants, and shopping Takoma Park has to offer.

Last Agent to Sell the Property

Michael Hangemanole

(240) 483-7255 michaelh@lnf.com RLAH @properties Listed on: 12/04/2023

RLAH @properties

Last Buyer's Agent

Michael Gailey

(240) 393-2717 michael.gailey@compass.com Compass License #0225229052

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,149

Year Built

  • Built in 1957

HOA Fees

  • $576 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 710 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Utilities

  • Convector
  • Convector Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303483423

Community Details

Overview

  • Association fees include water, sewer, gas, heat, trash
  • Low-Rise Condominium
  • Sherwood Condominiums
  • Sherwood Codm Community
  • Takoma Park Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,149

Year Built

Built in 1957

Lot Details

0

HOA Fees

$576 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1957
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Refrigerator, Oven/Range - Gas, Built-In Microwave, Dishwasher, Disposal
  • Entry Floor: 2
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 710
  • Living Area Sq Ft: 710
  • Price Per Sq Ft: 218.31
  • Above Grade Finished Sq Ft: 710
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • 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: Parking Lot, Off Street
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Convector
  • Heating Fuel: Electric
  • Heating Type: Convector
  • 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: 576.20
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Sherwood Condominiums
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Gas, Heat, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: R10
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: Breed Restrictions, Number Limit, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2149.00
  • Assessor Parcel Number: 161303483423
  • 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
Dec 4, 2023
Closed on
Mar 12, 2024
Sold by
Gallagher Brendan
Bought by
Solmo Diane
Seller's Agent
Michael Hangemanole
RLAH @properties
Buyer's Agent
Michael Gailey
Compass
List Price
$155,000
Sold Price
$155,000
Views
181
Current Estimated Value
$161,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,000
Avg. Annual Appreciation
2.23%
Original Mortgage
$124,000
Outstanding Balance
$121,941
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$39,059

Purchase Details

Listed on
Jun 13, 2019
Closed on
Jul 18, 2019
Sold by
Lenaerts Eileen Susan and Witherow Judith K
Bought by
Gallagher Brendan
Seller's Agent
Licia Galinsky
Branches Realty
Buyer's Agent
Michael Hangemanole
RLAH @properties
List Price
$139,900
Sold Price
$139,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.22%
Original Mortgage
$104,900
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2016
Sold by
Sterling Charles and Sterling Brenda
Bought by
Lenaerts Eileen Susan and Witherow Judith K

Purchase Details

Closed on
Jul 2, 2013
Sold by
Lis Nao Llc
Bought by
Sterling Brenda and Sterling Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Solmo Diane $155,000 Westcor Land Title Insurance C
Solmo Diane $155,000 Westcor Land Title Insurance C
Gallagher Brendan $139,900 Rgs Title Llc
Lenaerts Eileen Susan $120,000 Fatico
Sterling Brenda $80,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solmo Diane $124,000
Closed Solmo Diane $124,000
Previous Owner Gallagher Brendan $104,900
Previous Owner Sterling Brenda $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $155,000 0.0% $218 / Sq Ft
12/04/2023 12/04/23 For Sale $155,000 +10.8% $218 / Sq Ft
07/19/2019 07/19/19 Sold $139,900 0.0% $197 / Sq Ft View Prior Sale
06/15/2019 06/15/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $139,900 -- $197 / 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 $2,404 $143,333 -- --
2024 $2,404 $140,000 $42,000 $98,000
2023 $2,149 $125,000 $0 $0
2022 $1,825 $110,000 $0 $0
2021 $1,577 $95,000 $28,500 $66,500
2020 $1,550 $93,333 $0 $0
2019 $830 $91,667 $0 $0
2018 $1,470 $90,000 $27,000 $63,000
2017 $867 $90,000 $0 $0
2016 -- $90,000 $0 $0
2015 $2,159 $90,000 $0 $0
2014 $2,159 $90,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Hangemanole

    Seller's Agent in 2024

    Michael Hangemanole

    Real Living at Home

    (240) 483-7255

    2 in this area

    55 Total Sales

    Michael Hangemanole
    Section Image
  • Michael Gailey

    Buyer's Agent in 2024

    Michael Gailey

    Compass

    (240) 393-2717

    4 in this area

    154 Total Sales

    Michael Gailey
    Section Image
  • Licia Galinsky

    Seller's Agent in 2019

    Licia Galinsky

    Branches Realty

    (301) 641-4609

    3 in this area

    37 Total Sales

    Licia Galinsky
    Section Image
See All Agents

About The Sherwood Apartments

Map

Source: Bright MLS

MLS Number: MDMC2114692

Bright MLS

APN: 13-03483423

Maryland Montgomery County Takoma Park 20912

116 Lee Ave, Takoma Park, MD

Not Listed for Sale

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