NOT LISTED FOR SALE

118 Silver Tree Ln Oakland, MD 21550

Oakland Area

Estimated Value: $1,699,000 - $2,085,000

8 Beds
7 Baths
4,304 Sq Ft
$431/Sq Ft Est. Value

Sale Details

Date Sold: December 18, 2020

Last sale price $1,200,000 $279 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $11,891 / mo

56 Days on Market

Highlights

  • 1 Dock Slip
  • Water Access
  • Lake View
  • Home fronts navigable water
  • Spa
  • Open Floorplan

About This Home

As of December 2020

With 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

Russell Bounds

(301) 387-2000 russell@railey.com Railey Realty, Inc. License #500253 Listed on: 09/01/2020

Railey Realty, Inc.

Last Buyer's Agent

Melissa Goodfellow

(301) 387-2000 lgoodfellow@railey.com Railey Realty, Inc. License #88821

Railey Realty, Inc.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,092

Year Built

  • Built in 2002

Lot Details

  • 17,410 Sq Ft 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,092

Year Built

Built in 2002

Lot Details

0.4 Acres

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Turn-key
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-09-05
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven - Double, Oven - Wall, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Soaking Tub, Stall Shower, Tub Shower, Walk-In Closet(s), Whirlpool/Hottub, Wood Floors
  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Laundry, Loft
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 4304
  • Living Area Sq Ft: 4304
  • Price Per Sq Ft: 460.75
  • Above Grade Finished Sq Ft: 2767
  • Below Grade Finished Sq Ft: 1537
  • Total Below Grade Sq Ft: 1537
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 4
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Cement Siding, Masonry, Mixed, Stick Built
  • Exterior Features: Exterior Lighting, Hot Tub
  • Roof: Shingle, Asphalt
  • Spa: No
  • View: Lake
  • Water Access: Yes
  • Water Body Name: Deep Creek Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: SILVER TREE LANDING
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 420100.00
  • Land Assessed Value: 377800.00
  • Lot Size Acres: 0.40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17410.00
  • Outdoor Living Structures: Balcony, Balconies- Multiple, Deck(s), Porch(es)
  • Property Condition: Very Good
  • Zoning: LR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 15651598
  • Tax Annual Amount: 10092.00
  • Assessor Parcel Number: 1218071568
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$1,855,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$655,203
Avg. Annual Appreciation
7.91%
Original Mortgage
$960,000
Outstanding Balance
$836,790
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,018,413

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Oakland, MD

  • Jeremy Rice Real Estate Agent - Better Homes & Gardens Real Estate Old Line Group

    Jeremy Rice

    Responds Quickly

    Better Homes & Gardens Real Estate Old Line Group

    (301) 709-7669

    150 Total Sales

    1 in Oakland

    $165,000 Price

    Jeremy Rice
     Section Image
  • Nicholas Badalian Real Estate Agent - Fathom Realty MD, LLC

    Nicholas Badalian

    Fathom Realty MD, LLC

    (667) 239-8638

    114 Total Sales

    1 in Oakland

    $590,000 Price

    Nicholas Badalian
     Section Image
  • Dale Carpenter Real Estate Agent - Railey Realty, Inc.

    Dale Carpenter

    Responds Quickly

    Railey Realty, Inc.

    (240) 226-1316

    62 Total Sales

    13 in Oakland

    $15K - $649K Price Range

    Dale Carpenter
     Section Image
  • ADAM MURRAY Real Estate Agent - BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY

    ADAM MURRAY

    BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY

    (240) 226-1940

    100 Total Sales

    7 in Oakland

    $165K - $485K Price Range

    ADAM MURRAY
     Section Image
  • James Matthews Real Estate Agent - Taylor-Made Deep Creek Real Estate, LLC

    James Matthews

    Taylor-Made Deep Creek Real Estate, LLC

    (703) 997-6201

    14 Total Sales

    2 in Oakland

    $295K - $370K Price Range

    James Matthews
     Section Image
  • Charlotte Savoy Real Estate Agent - The KW Collective

    Charlotte Savoy

    The KW Collective

    (667) 771-4326

    670 Total Sales

    10 in Oakland

    $6K - $775K Price Range

    Charlotte Savoy
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $960,000
Previous Owner Fusco Md Robert D $584,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,864 $1,494,767 $0 $0
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 Real Estate Agent - Railey Realty, Inc.

    Seller's Agent in 2020

    Russell Bounds

    Railey Realty, Inc.

    (301) 501-1000

    71 Total Sales

    Russell Bounds
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  • Melissa Goodfellow Real Estate Agent - Railey Realty, Inc.

    Buyer's Agent in 2020

    Melissa Goodfellow

    Railey Realty, Inc.

    (301) 616-5472

    22 Total Sales

    Melissa Goodfellow
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Map

Source: Bright MLS

MLS Number: MDGA133464

Bright MLS

APN: 18-071568

Maryland Garrett County Oakland 21550

118 Silver Tree Ln, Oakland, MD

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