NOT LISTED FOR SALE

106 Timberloft Cir Unit 7 Oakland, MD 21550

Estimated Value: $825,000 - $944,767

4 Beds
3.5 Baths
2,410 Sq Ft
$370/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $910,000 $378 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,018/month

25 Days on Market

Highlights

  • 5 Dock Slips
  • Home fronts navigable water
  • Fishing Allowed
  • Water Views
  • Canoe or Kayak Water Access
  • Lake Privileges

About This Home

As of January 2024

One of a kind 4BR, 3.5BA lake view home at Timberloft with dock slip. Remodeled top to bottom, this high-end detached condo features multiple fireplaces (gas), hardwood floors, custom bathrooms with tiled walk-in showers, heated floors, quartz countertops, multiple ovens, stainless appliances, eat-in kitchen and more! Professionally decorated and appointed, conveys TURN KEY with designer furniture, decor and electronics. Freshly stained decks in October 23 and recently added gutters & downspouts. Community recently installed new concrete walkways to the dock area. Owner attention to detail and very well maintained. Established vacation rental, Lasting Impressions. Rental income is $42k in 2023; $38k in 2022 - rare property that earned more in 2023 vs 2022.

Last Agent to Sell the Property

Jay Ferguson

(301) 501-0420 jay@deepcreeksales.com Taylor Made Deep Creek Vacations & Sales Listed on: 11/09/2023

Last Buyer's Agent

Ally Litten

(301) 268-7504 alittenmd@gmail.com Mountainside Home Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,088

Year Built

  • Built in 1990 | Remodeled in 2021

Lot Details

  • Home fronts navigable water
  • Property is in excellent condition

HOA Fees

  • $417 Monthly HOA Fees

Parking

  • Driveway

Property Views

  • Water
  • Mountain

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Slab Foundation
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Furnished
  • 2 Fireplaces
  • Family Room
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Finished Basement

  • Connecting Stairway
  • Exterior Basement Entry

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a lake
  • Waterski or Wakeboard
  • Sail
  • Limited Hours Of Personal Watercraft Operation
  • Swimming Allowed
  • Limit On Boat Length
  • Physical Dock Slip Conveys
  • 5 Dock Slips
  • 1 Powered Boats Permitted
  • Lake Privileges

Schools

  • Southern Garrett High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 7
  • Assessor Parcel Number 1218058405

Community Details

Overview

  • Association fees include management, pier/dock maintenance, road maintenance, snow removal, trash, water
  • $33 Other Monthly Fees
  • Timberloft Community
  • Timberloft Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Boat Dock
  • 1 Community Docks
  • Tennis Courts
  • Fishing Allowed
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,088

Year Built

Built in 1990 | Remodeled in 2021

Lot Details

0

HOA Fees

$417 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1990
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Block, Slab
  • Levels Count: 3
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Laundry, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Fully Finished
  • Total Sq Ft: 2410
  • Living Area Sq Ft: 2410
  • Price Per Sq Ft: 553.98
  • Above Grade Finished Sq Ft: 1760
  • Below Grade Finished Sq Ft: 650
  • Total Below Grade Sq Ft: 650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 106

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar
  • Road Surface Type: Paved
  • Spa: No
  • View: Water, Mountain
  • Water Access Features: Boat - Length Limit, Boat - Powered, Canoe/Kayak, Fishing Allowed, Limited Hours Of Personal Watercraft Operation (PWC), Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: DEEP CREEK LAKE
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Forced Air, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1250.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Timberloft
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Jog/Walk Path, Tennis Courts, Water/Lake Privileges, Common Grounds
  • HOA Condo Co-Op Fee Includes: Management, Pier/Dock Maintenance, Road Maintenance, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 100.00
  • Other Fees Frequency: Quarterly

Schools

  • School District: GARRETT COUNTY PUBLIC SCHOOLS
  • High School: SOUTHERN GARRETT HIGH
  • School District Key: 121139907558
  • School District Source: Listing Agent
  • High School: SOUTHERN GARRETT HIGH

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: U
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: U
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 40000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 4088.00
  • Assessor Parcel Number: 1218058405
  • Tax Lot: 7
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/08/2024

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Jan 3, 2024
Sold by
Lowry Jared and Lowry Heather
Bought by
Crouse Gregory E and Crouse Penny S
Seller's Agent
Jay Ferguson
Taylor Made Deep Creek Vacations & Sales
Buyer's Agent
Ally Litten
Mountainside Home Realty
List Price
$975,000
Sold Price
$910,000
Premium/Discount to List
-$65,000
-6.67%
Views
73
Current Estimated Value
$891,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,078
Avg. Annual Appreciation
-1.13%

Purchase Details

Listed on
Oct 8, 2021
Closed on
Nov 29, 2021
Sold by
Stetz Gordon and Stetz Joan M
Bought by
Lowry Jared and Lowry Heather
Seller's Agent
Bill Weissgerber
Railey Realty, Inc.
Buyer's Agent
Jay Ferguson
Taylor Made Deep Creek Vacations & Sales
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%
Original Mortgage
$680,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2016
Sold by
Hough Michael E and Hough Annette R
Bought by
Timberloft Council Of Owners

Purchase Details

Closed on
May 12, 2003
Sold by
Guiffre Kenneth J and Guiffre Lynn C
Bought by
Stetz Gordon M and Stetz Joan M

Purchase Details

Closed on
Jun 27, 1997
Sold by
Tobe Stephen M and Tobe Judith I
Bought by
Guiffre Kenneth J and Guiffre Lynn C
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Crouse Gregory E $910,000 Lake Title
Crouse Gregory E $910,000 Lake Title
Lowry Jared $860,000 Lake Title Llc
Timberloft Council Of Owners -- Attorney
Stetz Gordon M $452,000 --
Guiffre Kenneth J $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lowry Jared $680,000
Closed Guiffre Kenneth J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2024 01/08/24 Sold $910,000 -6.7% $378 / Sq Ft
11/09/2023 11/09/23 For Sale $975,000 +13.4% $405 / Sq Ft
11/30/2021 11/30/21 Sold $860,000 +3.7% $357 / Sq Ft View Prior Sale
10/09/2021 10/09/21 Price Changed $829,000 -7.8% $344 / Sq Ft
10/08/2021 10/08/21 For Sale $899,000 -- $373 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $10,464 $816,200 $160,000 $656,200
2024 $8,775 $660,800 $0 $0
2023 $6,762 $505,400 $0 $0
2022 $4,718 $350,000 $75,000 $275,000
2021 $4,753 $350,000 $75,000 $275,000
2020 $4,753 $350,000 $75,000 $275,000
2019 $4,753 $350,000 $75,000 $275,000
2018 $0 $350,000 $75,000 $275,000
2017 $6,582 $350,000 $0 $0
2016 -- $465,000 $0 $0
2015 -- $465,000 $0 $0
2014 -- $465,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA2006180

Bright MLS

APN: 18-058405