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$125,000

  • For Sale
  • Under Contract
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 704 Sq. Ft.
  • Updated 1 day ago
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Lowest Priced Condo in City of Takoma Park - must sell. Regular sale. Located around the corner from the City Town Hall, Library, Police Station, and a short stroll to the schools and Sligo Creek Park, this 704 square foot condominium is in a super convenient location that is ideal for strolling to places you want to be! Currently, the lowest priced condo in the City of Takoma Park, it is just 0.8 of a mile from Metro, and walking there is very feasible through the Historic District of the City! Up the hill, around the corner, is the recently remodeled Takoma Food Coop (with great organic choices), and many restaurants in the Historic District are a short distance away. Recent Laminated Tile floors greet you in the living/dining room, which is open plan. There is fresh neutral paint throughout. The granite countertop kitchen features stainless steel appliances and maple cabinets, and a serving counter with room for pull-up chairs. The stainless gas stove is sure to have you reaching for the recipe books. A dishwasher, built-in microwave, disposal, and refrigerator are also a bonus. The roomy living room sports a large south-facing picture window overlooking single-family gardens, bringing good light, especially on the short winter afternoons. The dining "L" is ample size - plenty of room for a full-sized table! The updated bathroom greets you in the hallway with custom tile. The roomy bedroom can fit a king-size bed and has an ample, lighted closet. The condo fee is $768.,48 per month, which includes your heating, Central Air Conditioning, hot water, water and sewer, and building maintenance. You only pay for electric lights, which the seller states is around $20 per month! Though a car may not be needed, you do get an individual parking space #13 on the side of the building, conveniently close to the Lower Level Side Entrance - no steps or elevator are needed to enter this unit when you come from the parking lot entrance. A large laundry is found on the basement level. Pets are allowed in the building and are required to be registered with the Management Company. Great financing options are available; the condo is VA-approved, so veterans can buy for as little as zero down. 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 down payment and closing costs, subject to income restrictions and other conditions (see listing agent for details). Other lender programs are offering similar or larger sums that are available. This is a smoke-free building. 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 outlook!

Full Property Details for 116 Lee Ave #112

General

  • Price: $125,000
  • HOA FEE: $819/month
  • Taxes: $2,471 (2025)
  • Status: Under Contract
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDMC2209596
  • Updated: 4/15/2026
  • Added to Site: 135 day(s) ago

Interior

  • Number of Rooms: 4
  • Rooms/Areas: Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom 1
  • Interior Features: Bathroom - Soaking Tub, Bathroom - Tub Shower, Dining Area, Floor Plan - Traditional, Kitchen - Gourmet, Window Treatments
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove
  • Flooring: Laminate Plank

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedrooms Main & Up: 1

Other Rooms

  • Laundry: Common, Lower Floor

Additional Information

  • Shared Amenities: Elevator, Exercise Room, Laundry Facilities, Reserved/Assigned Parking
  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector

Exterior

  • Exterior Features: Sidewalks, Street Lights

Parking

  • Assigned Spaces: 1
  • Total Spaces: 53
  • Parking Features: Assigned
  • Parking Type: Parking Lot

Location

  • Municipality: City of Takoma Park
  • County: MONTGOMERY
  • Subdivision: TAKOMA PARK
  • Building Name: SHERWOOD CODM
  • Cross Streets: Maple
  • Driving Directions: North on Rt 29 to Rt 410, Right on Rt410 to Carroll Ave, Left on Carroll Ave to Lee Ave, Left on Lee Ave to 116
  • Direction Faces: Northwest
  • Location Details: Suburban
  • City Limits: Yes

School Information

  • School District: Montgomery County Public Schools
  • Elementary School: Takoma Park
  • Middle School: Takoma Park
  • High School: Montgomery Blair

Community

  • Assoc. Fees Include: Air Conditioning, Common Area Maintenance, Gas, Heat, Water, Ext Bldg Maint, Insurance, Management, Parking Fee, Reserve Funds, Sewer, Snow Removal, Trash
  • Pets Allowed: Yes
  • Pets: Size/Weight Restriction, Number Limit

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Mid-Rise 5 - 8 Floors
  • Construction: Brick
  • Foundation: Brick/Mortar
  • Common Walls: 2+ Common Walls
  • Walls/Ceilings: Masonry
  • Windows: Double Pane
  • Entry Floor Number: 1
  • Elevator(s ): 1
  • Stories/Levels: 5
  • Stories Description: Main
  • Square Feet: 704
  • Sq. Ft. Source: Assessor
  • Living Area: 704 Sq. Ft.
  • Finished Above Grnd: 704 Sq. Ft.
  • Year Built: 1957
  • Year Built Source: Assessor
  • Property Condition: Very Good

Unit Information

  • Unit Floor in Bldg.: 1

Lot Features

  • Property View: City, Courtyard, Garden/Lawn
  • Street/Road Desc.: Black Top
  • Zoning: CRT1.

Financial Considerations

  • Price Per Sq. Ft.: $177.56
  • Condo Fee: $819
  • Condo Fee Freq: Monthly
  • Assessment Year: 2025
  • City/TownTax: $791
  • City/TownTax Freq: Annually
  • County Tax: $1,650
  • County Tax Freq: Annually
  • Tax w/Assessment: $143,333
  • Tax Amount: $2,471
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 704

Disclosures and Reports

  • Ownership: Fee Simple
  • Condo: Yes

Listed by Samson Properties, David L Maplesden and Samson Properties, Elliot C Barber

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Listing agents

— 116 Lee Ave #112 —

  • David L Maplesden

    Samson Properties

  • Elliot C Barber

    Samson Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 Lee Ave #112

School District:Montgomery County Public Schools, Gaithersburg, MD
NameGradesDistance
Piney Branch Elementary School, Takoma Park, MD
7510 Maple Avenue, Takoma Park, MD 20912
3-50.1 mi
Takoma Park Elementary School
7511 Holly Avenue, Takoma Park, MD 20912
PK-20.3 mi
Takoma Park Middle School
7611 Piney Branch Rd, Silver Spring, MD 20910
6-80.4 mi
Montgomery Blair High School
51 University Boulevard East, Silver Spring, MD 20901
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Lee Ave #112 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Price Reduced
$125,000
-3.85%
MLS
3/12/2026
Price Reduced
$130,000
-13.33%
MLS
12/02/2025
Listed
$150,000
3.45%
MLS
10/04/2021
Sold
$145,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 Lee Ave #112

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,471
3%
$143,333
2%
2024
$2,404
112%
$140,000
12%
2022
$1,133
-37%
$125,000
14%
2022
$1,808
23%
$110,000
16%
2018
$1,470
68%
$95,000
2%
2021
$873
-42%
$93,333
4%
2019
$1,496
-2%
$90,000
—
2018
$1,524
-3%
$90,000
—
2017
$1,573
1%
$90,000
—
2016
$1,555
—
$90,000
—
2015
$1,556
-1%
$90,000
—
2014
$1,567
—
$90,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Samson Properties, David L Maplesden and Samson Properties, Elliot C Barber

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116 Lee Avenue #112, Takoma Park, MD 20912 (MLS# MDMC2209596) is a Condo property with 1 bedroom and 1 full bathroom. 116 Lee Avenue #112 is currently listed for $125,000 and was received on December 02, 2025. Want to learn more about 116 Lee Avenue #112? Do you have questions about finding other Condo real estate for sale in Takoma Park? You can browse all Takoma Park real estate or contact a Coldwell Banker agent to request more information.

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