NOT LISTED FOR SALE

248 Markwood Dr Oakland, MD 21550

Estimated Value: $911,000 - $1,342,000

4 Beds
4 Baths
4,739 Sq Ft
$220/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $840,000 $177 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,282/month

229 Days on Market

Highlights

  • Home fronts navigable water
  • Fishing Allowed
  • Lake View
  • Canoe or Kayak Water Access
  • Second Garage
  • 14.18 Acre Lot

About This Home

As of March 2023

This is a truly remarkable property! Enjoy 14+ acres that borders state ground and overlooks a picture perfect pond. Located in the Meadow Lake Estates subdivision, this 4 bedroom home offers privacy, acreage, and endless potential. Finish out the remainder of the walkout level basement, use the oversized detached building for anything your heart desires, and enjoy quiet evenings on the covered deck overlooking the pond. Everything on the property is incredibly well maintained. Schedule your showing today & come see for yourself!

Last Agent to Sell the Property

Nina Beitzel

(724) 272-8454 nbeitzel@railey.com Railey Realty, Inc. Listed on: 06/28/2022

Railey Realty, Inc.

Last Buyer's Agent

Nick Fratz-Orr

(301) 616-0473 nick@railey.com Railey Realty, Inc.

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,502

Year Built

  • Built in 2000

Lot Details

  • 14.18 Acre Lot
  • Home fronts navigable water
  • Landscaped
  • Private Lot
  • Partially Wooded Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 9 Garage Spaces | 3 Attached and 6 Detached
  • Second Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Fireplace With Glass Doors
  • Wood Frame Window
  • Sliding Doors
  • Six Panel Doors
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Lake Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a lake
  • Swimming Allowed
  • Non Powered Boats Only
  • Lake Privileges
  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Powered By Owned Propane
  • Hot Water Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic Less Than The Number Of Bedrooms
  • Septic Tank

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 1214033793

Community Details

Overview

  • Association fees include road maintenance, snow removal
  • Meadow Lake Estates HOA
  • Meadow Lake Estates Subdivision

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,502

Year Built

Built in 2000

Lot Details

0

HOA Fees

$83 per month

Parking

9

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: see inclusions addendum
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-06-29
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Oven - Wall, Refrigerator, Washer, Cooktop
  • Flooring Type: Ceramic Tile, Carpet, Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Open, Wet/Dry Bar, Wood Floors
  • Window Features: Wood Frame
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Six Panel, Sliding Glass
  • Wall Ceiling Types: Dry Wall, Cathedral Ceilings
  • Foundation Details: Other
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Laundry, Utility Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Heated, Outside Entrance, Walkout Level, Partially Finished
  • Laundry Type: Lower Floor, Main Floor
  • Total Sq Ft: 5684
  • Living Area Sq Ft: 4739
  • Price Per Sq Ft: 298.73
  • Above Grade Finished Sq Ft: 2842
  • Below Grade Finished Sq Ft: 1897
  • Below Grade Sq Ft: 945
  • Total Below Grade Sq Ft: 2842
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: 2nd Garage
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top
  • Roof: Architectural Shingle
  • View: Water, Lake
  • Water Access Features: Boat - Non Powered Only, Canoe/Kayak, Fishing Allowed, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Meadow Lake
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 9.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener, Oversized
  • Attached Garage Spaces: 3
  • Number Of Detached Garage Spaces: 6
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: Detached Garage, Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists, Septic < # Of Br
  • Water Source: Well
  • Internet Services: Broadband

Condo/Co-op/Association

  • HOA Fees: 1000.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Picnic Area, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Snow Removal
  • HOA Name: MEADOW LAKE ESTATES
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 588300.00
  • Land Assessed Value: 56500.00
  • Lot Features: Landscaping, Partly Wooded, Private
  • Lot Size Acres: 14.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 617681.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning: R
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15666462
  • Tax Annual Amount: 7502.00
  • Assessor Parcel Number: 1214033793
  • Tax Lot: 4
  • Tax Page Number: 749
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Mar 17, 2023
Sold by
Markwood Michael S and Markwood Tammy S
Bought by
Williams Feathers Todd
Seller's Agent
Nina Beitzel
Railey Realty, Inc.
Buyer's Agent
Nick Fratz-Orr
Railey Realty, Inc.
List Price
$999,000
Sold Price
$840,000
Premium/Discount to List
-$159,000
-15.92%
Views
202
Current Estimated Value
$1,041,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,655
Avg. Annual Appreciation
8.56%
Original Mortgage
$690,000
Outstanding Balance
$668,182
Interest Rate
6.09%
Mortgage Type
VA
Estimated Equity
$373,473

Purchase Details

Closed on
Jul 2, 1999
Sold by
Markwood Michael S and Markwood Tammy S
Bought by
Markwood Michael S and Markwood Tammy S
Source: Public Records

Range of Values:

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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
Williams Feathers Todd $840,000 --
Markwood Michael S $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Feathers Todd $690,000
Closed Markwood Michael S --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2023 03/17/23 Sold $840,000 -1.1% $177 / Sq Ft
02/03/2023 02/03/23 Price Changed $849,000 -5.6% $179 / Sq Ft
09/30/2022 09/30/22 Price Changed $899,000 -9.1% $190 / Sq Ft
07/29/2022 07/29/22 Price Changed $989,000 -1.0% $209 / Sq Ft
06/28/2022 06/28/22 For Sale $999,000 -- $211 / 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 $8,627 $835,500 $56,500 $779,000
2024 $8,597 $771,933 $0 $0
2023 $8,304 $708,367 $0 $0
2022 $7,561 $644,800 $56,500 $588,300
2021 $7,532 $642,267 $0 $0
2020 $7,472 $639,733 $0 $0
2019 $7,473 $637,200 $56,500 $580,700
2018 $7,051 $637,200 $56,500 $580,700
2017 $7,052 $637,200 $0 $0
2016 -- $653,700 $0 $0
2015 -- $653,700 $0 $0
2014 -- $653,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA2003256

Bright MLS

APN: 14-033793