Virtual Tour

116 LEE AVE #112 Takoma Park, MD 20912 Price Dropped by $20K

UPDATED: 03/12/2026 10:25 PM ON MARKET: 101 days on market

$130,000

1 Bed1 Bath704 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 704 sqft

Price per Sqft $184

Subdivision Takoma Park

MLS Listing ID MDMC2209596

Style Contemporary

Bedrooms 1

Full Baths 1

Condo Fees $768/mo

HOA Y/N N

Abv Grd Liv Area 704

Year Built 1957

Annual Tax Amount $2,471

Tax Year 2025

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

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. Conventional low-down-payment financing may be available as the condo was approved by Fannie Mae through 1/15/26 (we are awaiting an update), and 3% down is possible if so, plus additional closing help of thousands of dollars via first-time home buyer programs. 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!