- The Washington Times - Thursday, September 30, 2010

Finding an affordable condominium inside the Beltway is a goal shared by many first-time homebuyers as well as empty-nesters looking to downsize. At Takoma Overlook condominiums in Takoma Park, Md., the Tenacity Group is converting a former apartment complex into condominiums with entirely new interiors and newly landscaped and improved grounds.

Takoma Overlook rests on a prime location in Montgomery County across from the Takoma Park Recreation Center and one block from the Sligo Creek trail park, which has biking and jogging paths. Multiple shopping centers with restaurants as well as shops are nearby, including the Takoma Park Cooperative grocery store. Two bus routes in from the building link residents with the Takoma Park and Fort Totten Metro stations.

Takoma Overlook residents can enjoy a swimming pool with a pool house, a splash park, a playground, a grilling and picnic area, a tennis court and a fenced-in dog park. This pet-friendly building also has a front desk, a furnished lobby with marble flooring, a private fitness center, a bike room, extra storage rooms and free common laundry rooms. The complex has indoor and outdoor parking.

Buyers can choose from three granite colors and pick their own paint package. All other features are standard, including new hardwood flooring throughout the living areas; new wall-to-wall sisal or Berber carpeting in the bedrooms; new contemporary-style lighting, miniblinds and vertical blinds; new windows and sliding glass doors; new balconies; and new heating and air-conditioning systems.

Each home will have a new kitchen with granite counters; 42-inch maple cabinets with lazy Susans, wine racks and built-in trash bins; and high-end stainless steel appliances, including washer-dryer combination units and gas stoves. Each bath will have marble floors and maple vanities.

The homes are available as studios with 455 to 505 square feet; one-bedroom homes with 720 to 980 square feet; one-bedroom-and-den homes with 993 square feet; two-bedroom, two-bath homes with 1,155 to 1,200 square feet; and three-bedroom, two-bath homes with 1,350 square feet.

Base prices range from $109,500 to $319,500, with monthly condominium fees ranging from $179 to $499, depending on the home’s square footage. Condominium fees include all utilities, trash and snow removal, maintenance of the common areas, and management fees. Residents pay only for their telephone service and Internet and cable-television service, available from Comcast or Verizon.

Takoma Overlook has received Federal Housing Administration loan approval, which makes it easier for buyers to qualify for an FHA loan. FHA loans require a down payment of just 3.5 percent, adding to the affordability of the homes.

A Tier 20 one-bedroom home with 980 square feet is base-priced from $184,500, depending on the floor. This home has an open living room with an adjacent separate dining area and a kitchen. A sliding glass door leads from the living room to the balcony. A walk-in closet is next to the front door. The bedroom has a walk-in closet and is adjacent to a full bath and another walk-in closet.

A Tier 05 two-bedroom home with 1,200 square feet is base-priced from $229,500. This home has a deep walk-in closet off the foyer. The central living area has a double window and an adjacent separate dining room with a sliding glass door to the balcony. Off the hallway are another walk-in closet, a linen closet, a full bath and an entrance to a bedroom with a double closet. The master bedroom has a walk-in closet and a private full bath.

For more information about Takoma Overlook, visit www.TakomaOverlook.com or call project sales managers Steven Henry at 202/210-8111 or Peter Boscas at 410/952-5726 or the sales office at 301/434-7333.

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