117 Elm Ave Takoma Park, MD 20912
Estimated payment $79,535/month
Total Views
200,738
2.82
Acres
$4,432,624
Price per Acre
122,839
Sq Ft Lot
About This Lot
Set on a rare and expansive 2.82-acre parcel in the heart of Takoma Park and just over the DC line, this unique property presents a compelling opportunity for visionary developers, institutional uses, and investors. Most recently operated as a private school, 117 Elm Avenue sits within the R-60 residential zone of Montgomery County, offering a variety of redevelopment possibilities in one of the region’s most walkable and desirable neighborhoods.
Surrounded by mature trees, historic homes, and just minutes from the Takoma Metro Station, this site combines location, scale, and flexibility—an ideal canvas for transformation. Whether the vision is residential, a condo development, senior living, or an institutional campus, the property’s zoning and size support a broad range of potential uses. Additionally, currently operating schools can take this turn-key property to new heights.
The R-60 zone permits single-family detached homes by-right, and allows for a host of conditional uses that cater to residential, institutional, and community needs. Developers may explore uses such as townhomes or attached units (via special exception), senior housing, day care or medical facilities, or even private educational or religious institutions. Office use is conditionally allowable in the zoning. The property's flat topography, ample street frontage, and proximity to transit further enhance its redevelopment viability.
As a school, it features dozens of classrooms, multiple bathrooms, a regulation-size gymnasium with stage, administrative offices, a kitchen, and more.
Located just steps from downtown Takoma Park and the Washington, D.C. line, this site is walkable to shops, restaurants, parks, and public transportation. It’s a rare chance to reimagine a substantial landholding in a neighborhood where demand for thoughtful, community-focused development continues to grow.
Buyers are encouraged to consult with Montgomery County Planning to explore the full range of permitted and conditional uses under the R-60 zoning ordinance. With strong fundamentals and an unbeatable location, 117 Elm Avenue is poised to become one of the region’s most impactful residential or mixed-use redevelopments.
A preschool currently leases a small portion of the lowest level of the building. The rest of the building is vacant. Lease can convey or can be terminated.
Property Details
Property Type
- Land
Est. Annual Taxes
- $156,027
Lot Details
- 2.82 Acre Lot
- Property is zoned R60
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 161301074073
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $800 | $1,347,867 | $1,347,867 | -- |
| 2024 | $800 | $1,296,000 | $1,296,000 | $0 |
| 2023 | $800 | $1,296,000 | $1,296,000 | $0 |
| 2022 | $800 | $1,296,000 | $1,296,000 | $0 |
| 2021 | $44,216 | $1,296,000 | $1,296,000 | $0 |
| 2020 | $23,963 | $1,275,400 | $0 | $0 |
| 2019 | $107,910 | $6,359,667 | $0 | $0 |
| 2018 | $2,265 | $6,278,600 | $1,234,200 | $5,044,400 |
| 2017 | $2,265 | $6,044,400 | $0 | $0 |
| 2016 | $2,122 | $5,810,200 | $0 | $0 |
| 2015 | $2,122 | $5,576,000 | $0 | $0 |
| 2014 | $2,122 | $5,576,000 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | For Sale | $12,500,000 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $6,500,000 | Allied Title & Escrow Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,005,539 | Purchase Money Mortgage |
Source: Public Records
About the Listing Agent
MJ leads RAZR Group, which services residential and development clients across the DMV. With a specialty in luxury homes sales as part of the world most followed real estate brand, SERHANT, MJ is only one of only 3 founding agents in the Greater Washington DC area. RAZR Group excels with proven and proprietary marketing tactics, negotiation strategies, and sales skills. RAZR Group is additionally well-versed in development, specifically in Washington DC, possessing compelling experience in all
MJ's Other Listings
Source: Bright MLS
MLS Number: MDMC2181326
APN: 13-01074051
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