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$140,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 944 Sq. Ft.
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Welcome to The Sherwood - a hidden gem location in the heart of Takoma Park! This charming 2-bedroom, 1-bathroom condo offers the perfect blend of comfort, convenience, and character. Nestled on a quiet, tree-lined street, this sun-filled unit features hardwood floors throughout, a spacious living and dining area, and an updated kitchen with ample cabinet space. Both bedrooms are generously sized with great closet storage. The Sherwood is a pet-friendly building (registration is required) with secure entry, on-site laundry, and an assigned parking space #4 under the primary bedroom window. Located just minutes from the vibrant downtown Takoma Park shops, restaurants, and farmer's market, and only a short walk to the Takoma Metro Station - commuting to downtown Washington, D.C. is a breeze. Condo fee includes heat, hot water, water/sewer, and gas. The Sherwood condo is approved for VA (Veteran) financing with as little as zero down payment. It is also approved through 1/15/26 for low down payment and special financing programs for first-time homebuyers through Fannie Mae loans with as low as 3% down and the chance for a grant toward closing help via first-time home loan programs. The condo roof was replaced in 2025. This is the cheapest entry price into the popular City of Takoma Park! Don't miss your chance to own a piece of Takoma Park, one of the area's most sought-after communities!

Full Property Details for 116 Lee Ave #303

General

  • Price: $140,000
  • HOA FEE: $1,097/month
  • Taxes: $3,010 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDMC2212172
  • Updated: 1/3/2026
  • Added to Site: 15 day(s) ago

Interior

  • Rooms/Areas: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1
  • Interior Features: Bathroom - Tub Shower, Breakfast Area, Combination Kitchen/Living, Elevator, Floor Plan - Open, Kitchen - Gourmet, Walk-in Closet(s), Wood Floors
  • Appliances: Built-In Microwave, Stove, Dishwasher, Disposal, Freezer, Oven/Range - Gas, Stainless Steel Appliances
  • Flooring: Hardwood, Terrazzo

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Other Rooms

  • Laundry: Common

Additional Information

  • Shared Amenities: Elevator
  • Security/Safety: Main Entrance Lock

Exterior

  • Exterior Features: Exterior Lighting, Sidewalks

Parking

  • Assigned Spaces: 1
  • Total Spaces: 1
  • Parking Features: Assigned
  • Parking Type: Parking Lot, Off Site

Location

  • Municipality: City of Takoma Park
  • County: MONTGOMERY
  • Subdivision: TAKOMA PARK
  • Building Name: SHERWOOD CODM
  • Cross Streets: Maple Avenue
  • Driving Directions: Maple Avenue to Lee - park in spot #4 or on the street.
  • Direction Faces: East
  • 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: Water, Sewer, Heat, Gas, Trash, Lawn Maintenance, Snow Removal, Air Conditioning, Common Area Maintenance, Ext Bldg Maint, Lawn Care Front, Management, Reserve Funds
  • Pets Allowed: Yes
  • Pets: Size/Weight Restriction, Number Limit

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Available, Water Available, Sewer Available

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Mid-Rise 5 - 8 Floors
  • Construction: Brick
  • Common Walls: 2+ Common Walls
  • Windows: Double Pane
  • Entry Floor Number: 3
  • Stories Description: Main
  • Square Feet: 944
  • Sq. Ft. Source: Assessor
  • Living Area: 944 Sq. Ft.
  • Finished Above Grnd: 944 Sq. Ft.
  • Year Built: 1957
  • Year Built Source: Assessor
  • Property Condition: Excellent

Unit Information

  • Unit Floor in Bldg.: 1

Lot Features

  • Property View: Garden/Lawn, Street
  • Zoning: R10

Financial Considerations

  • Price Per Sq. Ft.: $148.31
  • Condo Fee: $1,097
  • Condo Fee Freq: Monthly
  • Assessment Year: 2025
  • City/TownTax: $966
  • City/TownTax Freq: Annually
  • County Tax: $1,818
  • County Tax Freq: Semi-Annually
  • Tax w/Assessment: $175,000
  • Tax Amount: $3,010
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 944

Disclosures and Reports

  • Ownership: Fee Simple
  • Condo: Yes

Listed by Samson Properties, David L Maplesden

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Listing agent

— 116 Lee Ave #303 —

  • David L Maplesden

    Samson Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 Lee Ave #303

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Lee Ave #303 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/03/2026
Listed
$140,000
-47.17%
MLS
6/21/2007
Sold
$265,000
—
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 #303

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,011
3%
$175,000
3%
2024
$2,915
17%
$170,000
6%
2022
$2,483
1%
$160,000
7%
2022
$2,465
26%
$150,000
7%
2018
$1,961
-11%
$140,000
5%
2021
$2,207
5%
$133,333
5%
2020
$2,096
6%
$126,667
6%
2019
$1,977
1%
$120,000
3%
2018
$1,952
54%
$116,667
3%
2017
$1,267
7%
$113,333
3%
2016
$1,187
1%
$110,000
—
2015
$1,180
-1%
$110,000
—
2014
$1,195
—
$110,000
—
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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Listed by Samson Properties, David L Maplesden

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116 Lee Avenue #303, Takoma Park, MD 20912 (MLS# MDMC2212172) is a Condo property with 2 bedrooms and 1 full bathroom. 116 Lee Avenue #303 is currently listed for $140,000 and was received on January 03, 2026. Want to learn more about 116 Lee Avenue #303? 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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