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$134,000 -$5,000 (-3.6%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 739 Sq. Ft.
  • Updated 2 hours ago
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Welcome to this beautifully maintained top floor one-bedroom condo offering an impressive living room that flows seamlessly into a dedicated dining area - an ideal layout for both everyday living and entertaining. Hardwood floors run throughout, complemented by crown molding and ceiling fans that add a classic, polished touch. The updated kitchen features warm honey-toned cabinetry, gleaming granite countertops, stainless steel appliances, plus a convenient pass-through breakfast bar that opens to the dining room. Natural light pours in through the kitchen window with lovely tree-top views. Additional highlights include a large walk-in closet off the hallway, multiple exposures bringing in abundant natural light, and serene neighborhood views from every window. Steps from the vibrant shops, restaurants, and parks.

Full Property Details for 116 Lee Ave #501

General

  • Price: $134,000
  • HOA FEE: $858/month
  • Taxes: $2,471 (2026)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDMC2224480
  • Updated: 7/7/2026
  • Added to Site: 54 day(s) ago

Interior

  • Number of Rooms: 5
  • Rooms/Areas: Living Room, Dining Room, Kitchen, Bedroom 1, Bathroom 1

Rooms

Bathrooms

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

Bedrooms

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

Additional Information

  • Shared Amenities: None

Parking

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

Location

  • County: MONTGOMERY
  • Subdivision: TAKOMA PARK
  • Building Name: SHERWOOD
  • Driving Directions: use GPS
  • City Limits: Yes

School Information

  • School District: Montgomery County Public Schools

Community

  • Assoc. Fees Include: Gas, Heat, Snow Removal, Trash
  • Pets Allowed: Yes
  • Pets: Case by Case Basis

Heating & Cooling

  • Cooling Type: Convector
  • Cooling Fuel: Other
  • Heating Type: Convector
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Mid-Rise 5 - 8 Floors
  • Builder: Sherwood
  • Construction: Block
  • Entry Floor Number: 2
  • Stories Description: Main
  • Square Feet: 739
  • Sq. Ft. Source: Estimated
  • Living Area: 739 Sq. Ft.
  • Finished Above Grnd: 739 Sq. Ft.
  • Year Built: 1957
  • Year Built Source: Estimated

Lot Features

  • Zoning: RESIDENTIAL

Financial Considerations

  • Price Per Sq. Ft.: $181.33
  • Condo Fee: $858
  • Condo Fee Freq: Monthly
  • City/TownTax: $791
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $143,333
  • Tax Amount: $2,471
  • Tax Year: 2026

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes

Listed by Perennial Real Estate, Marci Wasserman

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Listing agent

— 116 Lee Ave #501 —

  • Marci Wasserman

    Perennial Real Estate

Listing Office Email: will.wiard@sideinc.com

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 #501

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 #501 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Price Reduced
$134,000
-3.6%
MLS
5/14/2026
Listed
$139,000
-13.07%
MLS
5/23/2022
Sold
$159,900
—
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 #501

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,666
-25%
$136,667
5%
2024
$2,234
26%
$130,000
10%
2022
$1,771
1%
$118,333
11%
2022
$1,753
19%
$106,667
12%
2018
$1,470
-3%
$95,000
4%
2020
$1,522
2%
$91,667
2%
2019
$1,486
-2%
$90,000
—
2018
$1,510
-3%
$90,000
—
2017
$1,559
1%
$90,000
—
2016
$1,540
—
$90,000
—
2015
$1,535
-1%
$90,000
—
2014
$1,547
—
$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.

Estimate the Cost for 116 Lee Ave #501

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Perennial Real Estate, Marci Wasserman

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116 Lee Avenue #501, Takoma Park, MD 20912 (MLS# MDMC2224480) is a Condo property with 1 bedroom and 1 full bathroom. 116 Lee Avenue #501 is currently listed for $134,000 and was received on May 14, 2026. Want to learn more about 116 Lee Avenue #501? 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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