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$140,000
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Property Description
Welcome to The Sherwood - located at a central 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 mirrored closet storage. It has a lot of closet storage, including a large walk-in closet near the entrance. 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. Special financing programs for first-time homebuyers may be available through Fannie Mae loans with as low as 3% down, and the chance for a grant toward closing costs via first-time home loan programs (subject to Fannie Mae financing renewal 1-26). The condo roof was replaced in 2025. This is currently the cheapest entry price for a 2BR property in 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
Full Property Details for 116 Lee Ave #303
General
- Sold For: $140,000
- HOA FEE: $1,195/month
- Taxes: $3,011 (2025)
- Status: Closed
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2242294
- Added to Site: 14 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
- Location Details: Downtown
- 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/Levels: 5
- 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
- Street/Road Desc.: Black Top
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $148.31
- Condo Fee: $1,195
- Condo Fee Freq: Monthly
- City/TownTax: $966
- City/TownTax Freq: Annually
- Tax w/Assessment: $170,000
- Tax Amount: $3,011
- Tax Year: 2025
- Terms: Short Sale
Disclosures and Reports
- Ownership: Condominium
- Condo: Yes
Listed by Samson Properties, David L Maplesden and Samson Properties, Elliot C Barber
Sold by Perennial Real Estate, Javier Erasmo Garza
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Schools
Schools serving 116 Lee Ave #303
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
Piney Branch Elementary School, Takoma Park, MD 7510 Maple Avenue, Takoma Park, MD 20912 | 3-5 | 0.1 mi |
Takoma Park Elementary School 7511 Holly Avenue, Takoma Park, MD 20912 | PK-2 | 0.3 mi |
Takoma Park Middle School 7611 Piney Branch Rd, Silver Spring, MD 20910 | 6-8 | 0.4 mi |
Montgomery Blair High School 51 University Boulevard East, Silver Spring, MD 20901 | 9-12 | 2.6 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 #303
Date
Details
Price
Change
Source
6/23/2026
Sold
$140,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
116 Lee Avenue #303, Takoma Park, MD 20912 (MLS# MDMC2242294) is a Condo property that was sold at $140,000 on June 23, 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.

