NOT LISTED FOR SALE

20254 Garrett Hwy Oakland, MD 21550

Estimated Value: $1,039,000 - $1,475,000

5 Beds
3 Baths
2,470 Sq Ft
$521/Sq Ft Est. Value

Last Sold October 04, 2018

Last sale price $675,000 $273 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $7,793/month

Highlights

  • 56 Feet of Waterfront
  • Spa
  • Deck
  • 1 Boat Dock
  • Chalet
  • Loft

About This Home

As of October 2018

Established Lakefront Rental home offering sweeping views of Deep Creek Lake. Location provides quick access to restaurants, movie theater, and other Deep Creek Lake amenities. Master Bedroom, native stone fireplace, open living/dining/kitchen floor plan. Lower level Family Room. Type-A Dock Permit.

Last Agent to Sell the Property

Debra Savage

(301) 616-4085 dsavage@railey.com Railey Realty, Inc. Listed on: 05/21/2018

Railey Realty, Inc.

Last Buyer's Agent

Mike Kennedy

(301) 616-6106 mkennedy@railey.com Railey Realty, Inc. License #529372

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,267

Year Built

  • Built in 1999

Lot Details

  • 7,405 Sq Ft Lot
  • 56 Feet of Waterfront
  • Home fronts navigable water
  • Property is in very good condition

Parking

  • Off-Street Parking

Home Design

  • Chalet
  • Cedar

Interior Spaces

  • 2,470 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Screen For Fireplace
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Water Views
  • Finished Basement
  • Exterior Basement Entry

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Water Access
  • Property is near a lake
  • 1 Boat Dock
  • Physical Dock Slip Conveys
  • 2 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Bottled Gas Water Heater

Community Details

  • No Home Owners Association
  • Deep Creek Lake HOA

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 1218067765

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,267

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Chalet
  • Ownership: Fee Simple
  • Federal Flood Insurance: Unknown
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1999
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Washer, Dryer, Microwave, Dishwasher, Refrigerator, Stove
  • Interior Amenities: Breakfast Area, Primary Bath(s), Window Treatments
  • Fireplace Features: Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Loft
  • Basement: Yes
  • Basement Type: Outside Entrance, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2470
  • Living Area Sq Ft: 2470
  • Price Per Sq Ft: 283.36
  • Above Grade Finished Sq Ft: 2470
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Cedar
  • Dock Type: Type A
  • Exterior Features: Hot Tub
  • View: Water
  • 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: 56

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Name: DEEP CREEK LAKE
  • HOA: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 7405
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good

Rental Info

  • Vacation Rental: Yes

Multi Family

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

Tax Info

  • Assessor Parcel Number: 15666748
  • Tax Annual Amount: 6267.00
  • Assessor Parcel Number: 1218067765
  • Tax Page Number: 206
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Oct 4, 2018
Sold by
Drewry David R and Drewry Anna P
Bought by
Jacobs David Michael and Jacobs Judith
Seller's Agent
Debra Savage
Railey Realty, Inc.
Buyer's Agent
Mike Kennedy
Railey Realty, Inc.
List Price
$729,000
Sold Price
$675,000
Premium/Discount to List
-$54,000
-7.41%
Current Estimated Value
$1,286,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,744
Avg. Annual Appreciation
9.55%
Original Mortgage
$506,250
Outstanding Balance
$441,480
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$845,264

Purchase Details

Closed on
Feb 13, 2013
Sold by
Drewry David R and David R Drewry Living Trust
Bought by
Drewry David R and Drewry Anna P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2000
Sold by
Drewry David R and Drewry Anna P
Bought by
Drewry David R and Trsts Anna P

Purchase Details

Closed on
Jan 11, 1999
Sold by
Belco Enterprises
Bought by
Drewry David R and Drewry Anna P
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Jacobs David Michael $675,000 Crown Title Corp
Drewry David R -- First American Title Ins Co
Drewry David R -- --
Drewry David R $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs David Michael $506,250
Previous Owner Drewry David R $232,500
Closed Drewry David R --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2018 10/04/18 Sold $675,000 -7.4% $273 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $729,000 -- $295 / 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 $12,693 $990,100 $315,100 $675,000
2024 $11,809 $889,233 $0 $0
2023 $9,964 $744,667 $0 $0
2022 $8,089 $600,100 $274,000 $326,100
2021 $7,629 $561,767 $0 $0
2020 $7,108 $523,433 $0 $0
2019 $6,588 $485,100 $274,000 $211,100
2018 $6,267 $485,100 $274,000 $211,100
2017 $6,917 $485,100 $0 $0
2016 -- $488,700 $0 $0
2015 -- $488,700 $0 $0
2014 -- $488,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debra Savage

    Seller's Agent in 2018

    Debra Savage

    Railey Realty, Inc.

    (301) 616-4085

    6 in this area

    50 Total Sales

    Debra Savage
    Section Image
  • Mike Kennedy

    Buyer's Agent in 2018

    Mike Kennedy

    Railey Realty, Inc.

    (301) 616-6106

    58 in this area

    250 Total Sales

    Mike Kennedy
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001534958

Bright MLS

APN: 18-067765

Maryland Garrett County Oakland 21541

20254 Garrett Hwy, Oakland, MD

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