NOT LISTED FOR SALE

721 Erie Ave Takoma Park, MD 20912

Estimated Value: $187,151 - $197,000

1 Bed
1 Bath
407 Sq Ft
$361/mo HOA Fee

Last Sold June 14, 2022

Last sale price $177,400 $436 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,597/month

17 Days on Market

Highlights

  • View of Trees or Woods
  • Colonial Architecture
  • Main Floor Bedroom
  • Montgomery Blair High School Rated A+
  • Wood Flooring
  • Upgraded Countertops

About This Home

As of June 2022

Located in an attractive Tudor Style building that's a short stroll to Sligo Creek Park, buses to Metro, and other destinations like Washington Adventist University and Adventist Healthcare Urgent Care! This 1BR unit is well updated with a granite/stainless kitchen with lots of storage cabinets - many with pull-out shelving for easy use - complemented by a new dishwasher, disposal, new double door refrigerator, and new built-in microwave & good counter space. There's an under-the-counter washer/dryer combo, and a romantic space for a small dining table by the kitchen window. For those with large washing loads, there are full-sized washers/dryers in a basement laundry room that also doubles as a bike storage room. The attractive oak hardwood floors and crown moldings make the living/dining room sparkle. It's a bright 2nd-level condo facing a low-traffic street. A reasonable $361 pm monthly condo fee includes heat, hot water, and water/sewer. There is a $10,000 grant available from the City of Takoma Park to be used for downpayment and/or closing costs that is forgivable (subject to income limits and restrictions) for first-time home buyers. It is a non-smoking condo building (including inside the units). Enjoy central radiator heating for an even and gentle heat that is great for allergy sufferers. For those who want more storage space, there is an assigned walk-in storage cage on the 2nd level of the rear detached garages. You are in the City of Takoma Park and just 0.9 of a mile from a Purple Station currently under construction (expected to open 2025) at Piney Branch Road and Arliss Street. The Red LIne Takoma Metro is just 1.7 miles and there is a local Ride-On bus there, while downtown Silver Spring Metro Station is just over 3 miles away. There are 9 unassigned parking spaces at the rear of the two condo buildings that may be used for guest parking (floor plan of these spaces available). This unit also does have an assigned space parking space behind 721 Erie #P-5. There are 8 units in 721 Erie and 8 units in 719 Erie comprising the whole condo association. Two pets are allowed per unit and there are modern mailboxes at the entrance as well as a mail pickup location and on-street parking. There's a highly-rated Gambian Restaurant called Mansa Kunda with a cool wine bar at the corner, and it's a short trip to Historic Takoma restaurants and the Takoma Park Food Cooperative. This is a unique boutique condo building with great Tudor styling accents, dating to 1935 and converted to a condo circa 2007, it reflects a bygone time in a popular city with the modern updates buyer's prefer - it's an easy lifestyle!

Last Agent to Sell the Property

David Maplesden

Long & Foster Real Estate, Inc. License #90067 Listed on: 04/13/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Elliot Barber

Long & Foster Real Estate, Inc. License #637018

Last Buyer's Agent

Molly Branson

RLAH @properties License #656847

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,152

Year Built

  • Built in 1935

Lot Details

  • Two or More Common Walls
  • Infill Lot
  • Property is in good condition

HOA Fees

  • $361 Monthly HOA Fees

Property Views

  • Woods
  • Garden

Home Design

  • Colonial Architecture
  • Tudor Architecture
  • Brick Exterior Construction

Interior Spaces

  • 407 Sq Ft Home
  • Property has 1 Level
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Six Panel Doors
  • Living Room
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Home Security System

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • On-Street Parking
  • Parking Lot
  • Parking Permit Included

Outdoor Features

  • Brick Porch or Patio
  • Exterior Lighting
  • Outdoor Storage

Schools

  • Rolling Terrace Elementary School
  • Silver Spring International Middle School
  • Montgomery Blair High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Electric Water Heater
  • Municipal Trash
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 161303636438

Community Details

Overview

  • Association fees include common area maintenance, heat, sewer, trash, water, all ground fee, exterior building maintenance, fiber optics available, lawn care front, management, snow removal
  • Low-Rise Condominium
  • Erie Avenue Condominium Association Condos
  • Takoma Park Subdivision
  • Property Manager

Pet Policy

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

Additional Features

  • Common Area
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,152

Year Built

Built in 1935

Lot Details

0

HOA Fees

$361 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial, Tudor
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1935
  • Automatically Close On Close Date: No
  • Remarks Public: Located in an attractive Tudor Style building that's a short stroll to Sligo Creek Park, buses to Metro, and other destinations like Washington Adventist University and Adventist Healthcare Urgent Care! This 1BR unit is well updated with a granite/stainless kitchen with lots of storage cabinets - many with pull-out shelving for easy use - complemented by a new dishwasher, disposal, new double door refrigerator, and new built-in microwave & good counter space. There's an under-the-counter washer/dryer combo, and a romantic space for a small dining table by the kitchen window. For those with large washing loads, there are full-sized washers/dryers in a basement laundry room that also doubles as a bike storage room. The attractive oak hardwood floors and crown moldings make the living/dining room sparkle. It's a bright 2nd-level condo facing a low-traffic street. A reasonable $361 pm monthly condo fee includes heat, hot water, and water/sewer. There is a $10,000 grant available from the City of Takoma Park to be used for downpayment and/or closing costs that is forgivable (subject to income limits and restrictions) for first-time home buyers. It is a non-smoking condo building (including inside the units). Enjoy central radiator heating for an even and gentle heat that is great for allergy sufferers. For those who want more storage space, there is an assigned walk-in storage cage on the 2nd level of the rear detached garages. You are in the City of Takoma Park and just 0.9 of a mile from a Purple Station currently under construction (expected to open 2025) at Piney Branch Road and Arliss Street. The Red LIne Takoma Metro is just 1.7 miles and there is a local Ride-On bus there, while downtown Silver Spring Metro Station is just over 3 miles away. There are 9 unassigned parking spaces at the rear of the two condo buildings that may be used for guest parking (floor plan of these spaces available). This unit also does have an assigned space parking space behind 721 Erie #P-5. There are 8 units in 721 Erie and 8 units in 719 Erie comprising the whole condo association. Two pets are allowed per unit and there are modern mailboxes at the entrance as well as a mail pickup location and on-street parking. There's a highly-rated Gambian Restaurant called Mansa Kunda with a cool wine bar at the corner, and it's a short trip to Historic Takoma restaurants and the Takoma Park Food Cooperative. This is a unique boutique condo building with great Tudor styling accents, dating to 1935 and converted to a condo circa 2007, it reflects a bygone time in a popular city with the modern updates buyer's prefer - it's an easy lifestyle!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Washer, Dryer, Oven - Single, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Crown Moldings, Entry Level Bedroom, Primary Bath(s), Tub Shower, Upgraded Countertops, Wood Floors
  • Window Features: Double Pane, Vinyl Clad
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Six Panel
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room Count: 4
  • Room List: Living Room, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 407
  • Living Area Sq Ft: 407
  • Price Per Sq Ft: 442.01
  • Above Grade Finished Sq Ft: 407
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 721

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
  • Exterior Features: Exterior Lighting, Secure Storage, Sidewalks
  • Road Surface Type: Paved
  • Spa: No
  • View: Garden/Lawn, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Permit Included
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Monthly Average Electric: 47
  • Previous Twelve Months Electric Expense: 562.79
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Multiple Phone Lines, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Broadband, Cable, DSL, Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 361.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Erie Avenue Condominium Association
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Heat, Sewer, Trash, Water, All Ground Fee, Ext Bldg Maint, Fiber Optics Available, Lawn Care Front, Management, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: ROLLING TERRACE
  • Middle School: SILVER SPRING INTERNATIONAL
  • High School: MONTGOMERY BLAIR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: ROLLING TERRACE
  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: SILVER SPRING INTERNATIONAL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 91000.00
  • Land Assessed Value: 39000.00
  • Land Use Code: U
  • Outdoor Living Structures: Brick
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2022
  • Zoning: R
  • Zoning Description: Residential Condo
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 14110824
  • Tax Annual Amount: 2152.00
  • Assessor Parcel Number: 161303636438
  • Tax Total Finished Sq Ft: 407
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 06/14/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
Jun 14, 2022
Sold by
Christine Pray Sara
Bought by
Russell Ethan
Seller's Agent
David Maplesden
Long & Foster Real Estate, Inc.
Buyer's Agent
Molly Branson
RLAH @properties
List Price
$179,900
Sold Price
$177,400
Premium/Discount to List
-$2,500
-1.39%
Current Estimated Value
$193,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,638
Avg. Annual Appreciation
2.58%
Original Mortgage
$10,000
Outstanding Balance
$9,529
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$183,004
Source: Public Records

Range of Values:

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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
Russell Ethan $177,400 Ridgway Michael C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Ethan $10,000
Open Russell Ethan $172,078
Previous Owner Pray Sara C $126,663
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $177,400 -1.4% $436 / Sq Ft
04/30/2022 04/30/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $179,900 -- $442 / 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 $2,234 $141,667 -- --
2024 $2,234 $130,000 $39,000 $91,000
2023 $2,926 $130,000 $39,000 $91,000
2022 $1,462 $130,000 $39,000 $91,000
2021 $2,920 $130,000 $39,000 $91,000
2020 $2,809 $128,333 $0 $0
2019 $2,809 $126,667 $0 $0
2018 $2,042 $125,000 $37,500 $87,500
2017 $1,239 $118,333 $0 $0
2016 -- $111,667 $0 $0
2015 $1,302 $105,000 $0 $0
2014 $1,302 $105,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2046274

Bright MLS

APN: 13-03636438