NOT LISTED FOR SALE

130 Silver Tree Ln Oakland, MD 21550

Estimated Value: $769,000 - $885,409

5 Beds
4 Baths
2,364 Sq Ft
$353/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $422,900 $179 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $5,097/month

10 Days on Market

Highlights

  • Home fronts navigable water
  • Heated Spa
  • Lake View
  • Private Water Access
  • Fishing Allowed
  • Open Floorplan

About This Home

As of August 2020

A great opportunity to own a very well maintained Lake Access, (5) Bedroom (4) Bathroom Chalet Style home at Silver Tree Landing. Two levels fully furnished with Deeded walking access to Deep Creek Lake. Grill out at the Main level deck and relax in the Hot Tub at the Lower Level Patio. Enjoy the comfortable central A/C system and High Speed Internet Access. Interior open floor plan with (2) Master Bedroom Suites, 2 Gas Fireplaces & spacious Family room. Nicely landscaped with Paved Driveway & Parking. Filtered Lake views and morning sunrises add ambiance to this property. A perfect home for Family gatherings, and Vacation Rental Opportunity. Call today for your private tour.

Last Agent to Sell the Property

Rich Orr

(301) 387-2000 rorr@railey.com Railey Realty, Inc. License #34181 Listed on: 07/04/2020

Railey Realty, Inc.

Last Buyer's Agent

Jon Bell

(301) 387-2000 jbell@railey.com Railey Realty, Inc.

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,975

Year Built

  • Built in 2003

Lot Details

  • 0.26 Acre Lot
  • Home fronts navigable water
  • Property is zoned TC

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Recreation Room
  • Utility Room
  • Lake Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Interior and Exterior Basement Entry

Outdoor Features

  • Heated Spa
  • Private Water Access
  • Property is near a lake
  • Swimming Allowed
  • Lake Privileges

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Property is used as a vacation rental
  • Tax Lot 6
  • Assessor Parcel Number 1218071614

Community Details

Overview

  • Association fees include management, snow removal, trash, common area maintenance
  • Silver Tree Landing HOA
  • Silver Tree Landing Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Fishing Allowed
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,975

Year Built

Built in 2003

Lot Details

0.26 Acres

HOA Fees

$117 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Interior Amenities: Floor Plan - Open, Dining Area, Entry Level Bedroom, Ceiling Fan(s), Window Treatments, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Recreation Room, Utility Room
  • Basement: Yes
  • Basement Type: Walkout Stairs, Walkout Level, Outside Entrance, Interior Access, Heated, Fully Finished, Connecting Stairway
  • Basement Footprint Percent: 50.00
  • Total Sq Ft: 2446
  • Living Area Sq Ft: 2364
  • Price Per Sq Ft: 357.78
  • Above Grade Finished Sq Ft: 1182
  • Below Grade Finished Sq Ft: 1182
  • Below Grade Sq Ft: 82
  • Total Below Grade Sq Ft: 1264
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Hot Tub
  • Roof: Shingle
  • Spa Features: Heated
  • Spa: Yes
  • View: Lake
  • Water Access Features: Private Access, Swimming Allowed, Fishing Allowed
  • 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: Propane - Owned
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Propane
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 117.25
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Water/Lake Privileges, Common Grounds, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Management, Snow Removal, Trash, Common Area Maintenance
  • HOA Name: SILVER TREE LANDING
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 245900.00
  • Land Assessed Value: 87300.00
  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11500.00
  • Zoning: TC
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Total Actual Rent: 26000.00
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 15653129
  • Tax Annual Amount: 3975.00
  • Assessor Parcel Number: 1218071614
  • Tax Lot: 6
  • Tax Page Number: 84
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2020
Closed on
Aug 20, 2020
Sold by
Talarico Rodger G and Talarico Mary A
Bought by
Phelps Ian S and Phelps Brenda
Seller's Agent
Rich Orr
Railey Realty, Inc.
Buyer's Agent
Jon Bell
Railey Realty, Inc.
List Price
$429,900
Sold Price
$422,900
Premium/Discount to List
-$7,000
-1.63%
Current Estimated Value
$835,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,202
Avg. Annual Appreciation
12.97%
Original Mortgage
$380,610
Outstanding Balance
$337,628
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$497,474

Purchase Details

Closed on
Mar 18, 2008
Sold by
Dunn Kevin and Dunn Margaret
Bought by
Talarico Rodger G and Talarico Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2008
Sold by
Dunn Kevin and Dunn Margaret
Bought by
Talarico Rodger G and Talarico Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2003
Sold by
Ware Michael E and Ware Lisa M
Bought by
Dunn Kevin and Dunn Margaret

Purchase Details

Closed on
Apr 24, 2003
Sold by
Dcl Properties Llc
Bought by
Ware Michael E and Ware Lisa M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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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
Phelps Ian S $422,900 Deep Creek Title Group
Talarico Rodger G $425,000 --
Talarico Rodger G $425,000 --
Dunn Kevin $399,000 --
Ware Michael E $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phelps Ian S $380,610
Previous Owner Talarico Rodger G $215,000
Previous Owner Talarico Rodger G $215,000
Closed Dunn Kevin --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2020 08/20/20 Sold $422,900 -1.6% $179 / Sq Ft
07/04/2020 07/04/20 For Sale $429,900 -- $182 / 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 $7,618 $594,200 $180,300 $413,900
2024 $6,736 $507,200 $0 $0
2023 $5,622 $420,200 $0 $0
2022 $4,492 $333,200 $87,300 $245,900
2020 $4,463 $328,667 $0 $0
2019 $4,433 $326,400 $87,300 $239,100
2018 $4,217 $326,400 $87,300 $239,100
2017 $4,678 $326,400 $0 $0
2016 -- $330,500 $0 $0
2015 -- $330,500 $0 $0
2014 -- $330,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA132920

Bright MLS

APN: 18-071614

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