NOT LISTED FOR SALE

140 Timberloft Cir Unit 12 Oakland, MD 21550

Estimated Value: $698,786 - $818,000

3 Beds
3.5 Baths
1,760 Sq Ft
$418/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $429,900 $244 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,630/month

Highlights

  • 268 Feet of Waterfront
  • Spa
  • Contemporary Architecture
  • 1 Dock Slip
  • Deck
  • Traditional Floor Plan

About This Home

As of September 2018

Beautiful 3 bedroom, 3.5 bath home located in the Timberloft community. This lakefront home offers 3 levels of living space, granite kitchen counters, a dedicated dock slip, gorgeous lake views, community tennis courts, & more! Relax by the wood burning fireplace or on the deck/hot tub after a fun day on the lake! Established rental being sold fully furnished & turn-key! Call today for more info!

Last Agent to Sell the Property

Jon Bell

(301) 501-0735 jbell@railey.com Railey Realty, Inc. Listed on: 03/08/2018

Railey Realty, Inc.

Last Buyer's Agent

Jay Ferguson

(301) 501-0420 jay@deepcreeksales.com Taylor Made Deep Creek Vacations & Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,782

Year Built

  • Built in 1990

Lot Details

  • 268 Feet of Waterfront
  • Home fronts navigable water

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Cedar

Interior Spaces

  • 1,760 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Connecting Stairway
  • Front Basement Entry

Outdoor Features

  • Spa
  • Water Access
  • Property is near a lake
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Shared Waterfront
  • 1 Powered Boats Permitted
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 12
  • Assessor Parcel Number 1218058464

Community Details

Overview

  • No Home Owners Association
  • Association fees include insurance
  • Timberloft HOA
  • Timberloft Community
  • Timberloft Subdivision

Amenities

  • Common Area

Recreation

  • Boat Dock
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,782

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Federal Flood Insurance: Unknown
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1990
  • Remarks Public: Beautiful 3 bedroom, 3.5 bath home located in the Timberloft community. This lakefront home offers 3 levels of living space, granite kitchen counters, a dedicated dock slip, gorgeous lake views, community tennis courts, & more! Relax by the wood burning fireplace or on the deck/hot tub after a fun day on the lake! Established rental being sold fully furnished & turn-key! Call today for more info!
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Microwave, Dryer, Washer, Dishwasher, Exhaust Fan, Freezer, Disposal, Refrigerator, Stove
  • Interior Amenities: Dining Area, Window Treatments, Floor Plan - Traditional
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 3
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer
  • Basement: Yes
  • Basement Type: Front Entrance, Connecting Stairway, Fully Finished, Outside Entrance
  • Living Area Units: Square Feet
  • Total Sq Ft: 1760
  • Living Area Sq Ft: 1760
  • Price Per Sq Ft: 244.26
  • Above Grade Finished Sq Ft: 1760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 140

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Cedar
  • Dock Type: Single Slip
  • Exterior Features: Hot Tub
  • Pool Private: No
  • View: Water
  • View: Yes
  • Water Access: Yes
  • Water Body Name: DEEP CREEK LAKE
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 268

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Common Grounds, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Insurance
  • HOA Name: TIMBERLOFT
  • HOA: No
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 275000.00
  • Land Assessed Value: 75000.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Year Assessed: 2017

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Federal Flood Zone: UNKNOWN
  • Waterfront Features: Shared

Tax Info

  • Assessor Parcel Number: 15661255
  • Assessor Parcel Number: 1218058464
  • Tax Lot: 12
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 09/24/2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2018
Closed on
Sep 24, 2018
Sold by
Mencia Enrique M and Mencia Eileen J
Bought by
Young Gregory and Young Brenda
Seller's Agent
Jon Bell
Railey Realty, Inc.
Buyer's Agent
Jay Ferguson
Taylor Made Deep Creek Vacations & Sales
List Price
$459,900
Sold Price
$429,900
Premium/Discount to List
-$30,000
-6.52%
Current Estimated Value
$735,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,297
Avg. Annual Appreciation
7.93%
Original Mortgage
$386,910
Outstanding Balance
$336,713
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$398,484

Purchase Details

Listed on
Mar 1, 2016
Closed on
Aug 12, 2016
Sold by
Tonkovich Steven M and Tonkovich Marsha A
Bought by
Mencia Enrique M and Mencia Eileen J
Seller's Agent
Kevin Liller
Railey Realty, Inc.
Buyer's Agent
Jon Bell
Railey Realty, Inc.
List Price
$445,000
Sold Price
$360,000
Premium/Discount to List
-$85,000
-19.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%

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 28, 1996
Sold by
Stevens Wynne A and Stevens Phyllis H
Bought by
Tonkovich Steven M and Tonkovich Marsha A

Purchase Details

Closed on
Aug 16, 1990
Sold by
Timberloft Development Group Inc
Bought by
Stevens Wynne A and Stevens Phyllis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
10.08%
Source: Public Records

Range of Values:

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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
Young Gregory $429,900 Sage Title Group Llc
Mencia Enrique M $360,000 None Available
Timberloft Council Of Owners -- Attorney
Tonkovich Steven M $168,750 --
Stevens Wynne A $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Gregory $386,910
Closed Young Gregory $386,910
Previous Owner Stevens Wynne A $216,000
Closed Tonkovich Steven M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2018 09/24/18 Sold $429,900 -6.5% $244 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
03/08/2018 03/08/18 For Sale $459,900 +27.8% $261 / Sq Ft
08/12/2016 08/12/16 Sold $360,000 -9.8% $205 / Sq Ft View Prior Sale
07/25/2016 07/25/16 Pending -- -- --
06/23/2016 06/23/16 Price Changed $399,000 -4.8% $227 / Sq Ft
04/28/2016 04/28/16 Price Changed $419,000 -5.8% $238 / Sq Ft
03/01/2016 03/01/16 For Sale $445,000 -- $253 / 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 $8,782 $685,000 $160,000 $525,000
2024 $7,614 $573,333 $0 $0
2023 $6,177 $461,667 $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 $4,522 $350,000 $75,000 $275,000
2017 $6,723 $350,000 $0 $0
2016 -- $475,000 $0 $0
2015 -- $475,000 $0 $0
2014 -- $475,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000246190

Bright MLS

APN: 18-058464