NOT LISTED FOR SALE

2967 Lake Shore Dr Oakland, MD 21550

Estimated Value: $1,098,000 - $1,985,000

0.42 Acre
$3,613,236 Price per Acre
18,295 Sq Ft Lot

Last Sold November 14, 2014

Last sale price $305,000 $408 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $9,754/month

Highlights

  • 1 Dock Slip
  • Home fronts navigable water
  • No HOA
  • Water Views
  • Water Access
  • 2 Powered Boats Permitted

About This Lot

As of November 2014

100 feet of private lakefront with Type A dock and awesome views of Deep Creek Lake. Conveniently close to area activities. Tear down cabin located on property, being sold as is. Great spot to build your full time or dream vacation home. Call today for more details.

Last Agent to Sell the Property

Jon Bell

Railey Realty, Inc. Listed on: 07/17/2014

Railey Realty, Inc.

Last Buyer's Agent

Jon Bell

Railey Realty, Inc. Listed on: 07/17/2014

Railey Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,694

Lot Details

  • 0.42 Acre Lot
  • Home fronts navigable water
  • Cost To Obtain Building Permits

Additional Features

  • Water Views
  • Well

Listing and Financial Details

  • Assessor Parcel Number 1218031604

Community Details

Overview

  • No Home Owners Association

Recreation

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

Property Details

Property Type

Land

Est. Annual Taxes

$6,694

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential, Recreation
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 19.53

Exterior Features

  • Dock Type: Type A
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: DEEP CREEK LAKE
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 54800.00
  • Lot Size Acres: 0.42
  • Lot Size Area: 18386
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18386.00
  • Possible Use: Residential, Recreational
  • Year Assessed: 2014
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15664772
  • Tax Annual Amount: 6694.46
  • Assessor Parcel Number: 1218031604
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 11/14/2014

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Waterfront Features: Private Dock Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2014
Closed on
Nov 14, 2014
Sold by
Henderson Russell G
Bought by
Alster James W and Radovich Alster Kimberly L
Seller's Agent
Jon Bell
Railey Realty, Inc.
Buyer's Agent
Jon Bell
Railey Realty, Inc.
List Price
$459,900
Sold Price
$305,000
Premium/Discount to List
-$154,900
-33.68%
Current Estimated Value
$1,517,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,212,559
Avg. Annual Appreciation
16.88%
Original Mortgage
$274,500
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Alster James W $305,000 Deep Creek Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alster James W $660,000
Closed Alster James W $693,000
Closed Alster James W $274,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2014 11/14/14 Sold $305,000 -33.7% $408 / Sq Ft
09/19/2014 09/19/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $459,900 -- $615 / 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 $18,593 $1,573,000 $432,400 $1,140,600
2024 $16,537 $1,346,633 $0 $0
2023 $13,869 $1,120,267 $0 $0
2022 $11,156 $893,900 $376,200 $517,700
2021 $10,883 $865,100 $0 $0
2020 $10,521 $836,300 $0 $0
2019 $10,158 $807,500 $376,200 $431,300
2018 $9,612 $806,467 $0 $0
2017 $9,520 $807,500 $0 $0
2016 -- $804,400 $0 $0
2015 -- $431,000 $0 $0
2014 -- $431,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003115578

Bright MLS

APN: 18-031604