Seller's Agent in 2020
Russell Bounds
Railey Realty, Inc.
(301) 501-1000
17 in this area
80 Total Sales
118 Silver Tree Ln Oakland, MD 21550
Estimated Value: $1,756,000 - $1,908,000
8
Beds
7
Baths
4,304
Sq Ft
$422/Sq Ft
Est. Value
Highlights
- 1 Dock Slip
- Water Access
- Lake View
- Home fronts navigable water
- Spa
- Open Floorplan
About This Home
As of December 2020With big lake views, ideal location, over $100,000 gross rental income in 2020, 8 bedrooms / 7 bathrooms, two fireplaces, gorgeous sunsets, and an open design to maximize groups both large and small, there are very few Deep Creek Lake homes that offer so many of the most sought after features all in one place! Outdoor hot tub and fire pit too! The list goes on.... make an appointment to see Scenic Serenity (rental name) ASAP!
Last Agent to Sell the Property
(301) 387-2000 russell@railey.com Railey Realty, Inc. Listed on: 09/01/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,092
Year Built
- Built in 2002
Lot Details
- 0.4 Acre Lot
- Home fronts navigable water
- Property is in very good condition
- Property is zoned LR
HOA Fees
- $83 Monthly HOA Fees
Home Design
- Shingle Roof
- Asphalt Roof
- Cement Siding
- Stick Built Home
- Masonry
Interior Spaces
- Property has 3 Levels
- Open Floorplan
- Furnished
- Ceiling Fan
- 2 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Loft
- Lake Views
- Finished Basement
Kitchen
- Eat-In Kitchen
- Built-In Double Oven
- Electric Oven or Range
- Built-In Range
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Tile or Brick
Bedrooms and Bathrooms
- En-Suite Bathroom
- Walk-In Closet
- Whirlpool Bathtub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Parking
- 8 Parking Spaces
- 8 Driveway Spaces
- Paved Parking
Outdoor Features
- Spa
- Water Access
- Property is near a lake
- Physical Dock Slip Conveys
- 1 Dock Slip
- 1 Powered Boats Permitted
- Multiple Balconies
- Deck
- Exterior Lighting
- Porch
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
Community Details
- Silver Tree Landing HOA
- Silver Tree Landing Subdivision
- Property Manager
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 1
- Assessor Parcel Number 1218071568
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2020
Closed on
Dec 18, 2020
Sold by
The Zanzibar Group Llp
Bought by
Golish Lawrence G and Golish Donna T
Seller's Agent
Russell Bounds
Railey Realty, Inc.
Buyer's Agent
Melissa Goodfellow
Railey Realty, Inc.
List Price
$1,550,000
Sold Price
$1,200,000
Premium/Discount to List
-$350,000
-22.58%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$616,808
Avg. Annual Appreciation
8.22%
Original Mortgage
$960,000
Outstanding Balance
$854,686
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$962,122
Purchase Details
Closed on
Mar 17, 2003
Sold by
Ware Michael E and Ware Lisa M
Bought by
Zanzibar Group Llp
Purchase Details
Closed on
Jun 28, 2002
Sold by
Diversified Building Contractors
Bought by
Ware Michael E and Ware Lisa M
Purchase Details
Closed on
Sep 25, 2001
Sold by
Dcl Properties Llc
Bought by
Diversified Building Contractors
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Golish Lawrence G | $1,200,000 | Deep Creek Title Group | |
| Zanzibar Group Llp | $885,000 | -- | |
| Ware Michael E | $585,000 | -- | |
| Diversified Building Contractors | $240,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Golish Lawrence G | $960,000 | |
| Closed | Diversified Building Contractors | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2020 12/18/20 | Sold | $1,200,000 | -5.9% | $279 / Sq Ft |
| 10/27/2020 10/27/20 | Pending | -- | -- | -- |
| 09/14/2020 09/14/20 | Price Changed | $1,274,900 | -17.7% | $296 / Sq Ft |
| 09/01/2020 09/01/20 | For Sale | $1,550,000 | -- | $360 / Sq Ft |
Source: Bright MLS
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 | $18,683 | $1,457,300 | $434,000 | $1,023,300 |
| 2024 | $16,492 | $1,241,867 | $0 | $0 |
| 2023 | $13,734 | $1,026,433 | $0 | $0 |
| 2022 | $10,932 | $811,000 | $377,800 | $433,200 |
| 2020 | $10,895 | $802,267 | $0 | $0 |
| 2019 | $10,835 | $797,900 | $377,800 | $420,100 |
| 2018 | $10,308 | $797,900 | $377,800 | $420,100 |
| 2017 | $11,396 | $797,900 | $0 | $0 |
| 2016 | -- | $805,100 | $0 | $0 |
| 2015 | -- | $805,100 | $0 | $0 |
| 2014 | -- | $805,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Russell Bounds
-
Melissa Goodfellow
Buyer's Agent in 2020
Melissa Goodfellow
Railey Realty, Inc.
(301) 616-5472
15 in this area
42 Total Sales
Map
Source: Bright MLS
MLS Number: MDGA133464
APN: 18-071568
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