Founded in 1883, by Benjamin Franklin Gilbert, Takoma Park was developed as a “summer resort” area, as a healthful alternative to Washington, DC’s malarial swamps. With a population of approximately 18,000 it rests along the upper northeast boundary of D.C. Takoma Park in Montgomery County has it’s own city government, police department, library and is served by Montgomery County Schools
Takoma Park is a perfect “bedroom community” for professionals. It is a 15 minute commute to the middle of Downtown D.C. by Metro from the Takoma Station on the Red Line.
Takoma Park is a friendly “laid back”, independent, small town with liberal politics. The residents are politically active and have put in place a number of progressive measures such as the declaration of a nuclear-free zone
Takoma Park is one the HOTTEST Pockets of Real Estate in the DC Metro Area!
In 2013 there were 159 sales of Single Family Detached homes in Takoma Park, Montgomery County, Maryland:
The Average LIST price for a single family home in Takoma Park in 2013 was $526,597
UP $68,722 from (2012) last year.
The Average SOLD price for a single family home in Takoma Park in 2013 was $531,386
UP $89,564 from 2012 and The Average Sold Price for a home is over the average asking price.
In 2013 the Average Days on the Market for a single family home in Takoma Park, MD was 43
Selling 14 days faster than last year
LOWEST Sale Price – $152,000 for a 3 Bedroom, 2 Bath, 2 Level Brick Rambler – A “Short Sale” built in 1941.
HIGHEST Sale Price – $1,282,000 for a 5 Bedroom, 3 & 1/2 Bath Arts and Crafts Bungalow inspired by the Pasadena Gamble House built in 2006 on a parklike double lot.