118 Roman Ridge Rd Oakland, MD 21550
Estimated payment $3,198/month
Total Views
524
3
Beds
3.5
Baths
1,820
Sq Ft
$261
Price per Sq Ft
Highlights
- Home fronts navigable water
- Public Beach
- Open Floorplan
- Public Water Access
- Gourmet Kitchen
- Colonial Architecture
About This Home
Welcome to "Latitude Adjustment", a 3-level townhome in the desirable Roman Ridge Community, perfectly located in the heart of Deep Creek Lake. This is an active short-term rental that sleeps 9 and averages $46k to $54k in annual rentals with an ADR of $380! 2025 already has 78 days booked for $30k that can be conveyed or canceled; the choice is yours!
This 3 BR, 3.5 BA property is being sold turnkey after a complete refresh in 2022, including new high-end furnishings, luxury vinyl plank flooring, updated decor, accessories, bedding, and kitchenware, plus a modernized kitchen with granite counters and stainless steel appliances. Stylish, move-in ready, and rental-ready — it’s all here.
Take in breathtaking lake and mountain views from every room. The open floor plan features central A/C, propane forced-air heating, and a cozy gas fireplace with mantle. Outdoor living is just as inviting with a deck overlooking the water and a lower-level patio with hot tub and firepit for year-round enjoyment. A BBQ updated in 2025 adds to the entertaining appeal.
Parking is simple with two assigned spaces per unit plus overflow in a community-owned lot behind Brenda’s Pizza. The association covers road maintenance, water, snow removal, and trash service, and extensive road improvements are being completed in the community this fall. There's even outdoor storage for your kayaks or other lake toys!
Currently an active short-term rental with proven income, "Latitude Adjustment" offers the ideal balance of a lakeside retreat and a smart investment opportunity.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,179
Year Built
- Built in 2003 | Remodeled in 2022
Lot Details
- Home fronts navigable water
- Public Beach
HOA Fees
- $320 Monthly HOA Fees
Home Design
- Colonial Architecture
- Chalet
- Villa
- Block Foundation
- Frame Construction
Interior Spaces
- 1,820 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Furnished
- Built-In Features
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Gas Fireplace
- Window Treatments
- Living Room
- Dining Room
- Storage Room
Kitchen
- Gourmet Kitchen
- Gas Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Hydromassage or Jetted Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Lot
- Unassigned Parking
Outdoor Features
- Public Water Access
- Property is near a lake
- Deck
- Patio
- Outdoor Grill
- Porch
Utilities
- Forced Air Heating and Cooling System
- Metered Propane
- Propane Water Heater
Listing and Financial Details
- Tax Lot 20B
- Assessor Parcel Number 1218056364
Community Details
Overview
- Association fees include common area maintenance, lawn maintenance, road maintenance, reserve funds, snow removal, trash, lawn care front, lawn care rear, lawn care side
- Traders Landing Subdivision
Amenities
- Common Area
Pet Policy
- Pets Allowed
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 | $5,113 | $398,800 | $75,000 | $323,800 |
| 2024 | $4,751 | $357,767 | $0 | $0 |
| 2023 | $4,238 | $316,733 | $0 | $0 |
| 2022 | $3,716 | $275,700 | $75,000 | $200,700 |
| 2021 | $3,615 | $270,967 | $0 | $0 |
| 2020 | $3,615 | $266,233 | $0 | $0 |
| 2019 | $3,551 | $261,500 | $75,000 | $186,500 |
| 2018 | $3,378 | $261,500 | $75,000 | $186,500 |
| 2017 | $3,745 | $261,500 | $0 | $0 |
| 2016 | -- | $264,600 | $0 | $0 |
| 2015 | -- | $264,600 | $0 | $0 |
| 2014 | -- | $264,600 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | For Sale | $475,000 | -- | $261 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $435,000 | First American Title | |
| Warranty Deed | $435,000 | First American Title | |
| Deed | $341,000 | -- | |
| Deed | $341,000 | -- | |
| Deed | $233,725 | -- | |
| Deed | $233,725 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $326,250 | New Conventional | |
| Previous Owner | $175,000 | New Conventional | |
| Previous Owner | $249,500 | Unknown | |
| Closed | -- | No Value Available |
Source: Public Records
About the Listing Agent
Hi! I'm Charlotte Savoy, and I am a native of Maryland. I began my real estate career in 1999 and am proud to have established myself as a respected leader & innovator in the industry. Our mission at The Savoy Team at The KW Collective is to be your trusted advisor for “all things real estate” while building a relationship-driven business that thrives on referrals provided by everyone we serve.
Since 2004, my team has been ranked among the Top 10 Teams at all Real Estate brokerages in
Charlotte's Other Listings
Source: Bright MLS
MLS Number: MDGA2010410
APN: 18-056364
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