NOT LISTED FOR SALE

378 Lower Penn Point Dr Oakland, MD 21550

Estimated Value: $991,000 - $1,268,796

4 Beds
1 Bath
1,114 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold February 12, 2024

Last sale price $979,000 $879 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,808/month

2 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Private Beach
  • Open Floorplan
  • 1 Dock Slip
  • Fishing Allowed
  • Wooded Lot

About This Home

As of February 2024

Prime lakefront in a peaceful community. This Deep Creek original 4 bedroom, 1 bath cottage offers 120' of nicely wooded, gently sloping frontage. Located in the sought after southwest side of the lake and near the end of a low traveled lane, the property offers the opportunity for a true place to escape. The open layout offers a warm and inviting atmosphere and there is plenty of potential for updating. The adjoining property will also be available with 100' of similar lakefront. Qualifies for a private type A dock.

Last Agent to Sell the Property

Bill Weissgerber

Railey Realty, Inc. Listed on: 12/16/2023

Railey Realty, Inc.

Last Buyer's Agent

Andrew Eiswert

Railey Realty, Inc. License #586309

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,824

Year Built

  • Built in 1950

Lot Details

  • 0.36 Acre Lot
  • 120 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • East Facing Home
  • Wooded Lot
  • Property is in average condition

HOA Fees

  • $10 Monthly HOA Fees

Home Design

  • Log Cabin
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,114 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Combination Dining and Living Room
  • Water Views
  • Crawl Space
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Waterski or Wakeboard
  • Sail
  • Limited Hours Of Personal Watercraft Operation
  • Swimming Allowed
  • Limit On Boat Length
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • 2 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Screened Patio
  • Shed
  • Porch

Schools

  • Broadford Elementary School
  • Southern Middle School
  • Southern Garrett High School

Utilities

  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Septic Less Than The Number Of Bedrooms
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot S
  • Assessor Parcel Number 1218026031

Community Details

Overview

  • Association fees include snow removal, road maintenance
  • Penn Point HOA
  • Penn Point Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,824

Year Built

Built in 1950

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Log Home
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Everything there
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-12-16
  • Federal Flood Zone: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen
  • Basement: No
  • Total Sq Ft: 1114
  • Living Area Sq Ft: 1114
  • Price Per Sq Ft: 878.82
  • Above Grade Finished Sq Ft: 1114
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 378

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Wood Siding
  • Exterior Features: Private Beach
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • View: Water
  • Water Access Features: Boat - Powered, Boat - Length Limit, Canoe/Kayak, Fishing Allowed, Limited Hours Of Personal Watercraft Operation (PWC), Private Access, Sail, Swimming Allowed, Waterski/Wakeboard
  • 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: 120

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists, Septic < # Of Br
  • Utilities: Cable Tv, Electric Available
  • Water Source: Well
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 125.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Snow Removal, Road Maintenance
  • HOA Name: PENN POINT
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: GARRETT COUNTY PUBLIC SCHOOLS
  • Elementary School: BROADFORD
  • Middle School: SOUTHERN MIDDLE
  • High School: SOUTHERN GARRETT HIGH
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121139907558
  • School District Source: Listing Agent
  • Elementary School: BROADFORD
  • High School: SOUTHERN GARRETT HIGH
  • Middle Or Junior School: SOUTHERN MIDDLE

Lot Info

  • Land Use Code: R
  • Lot Features: Trees/Wooded
  • Lot Size Acres: 0.36
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15681.00
  • Outdoor Living Structures: Patio(s), Porch(es), Screened
  • Property Condition: Average
  • Year Assessed: 2023
  • Zoning: R
  • Zoning Description: Residential Only
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6824.00
  • Assessor Parcel Number: 1218026031
  • Tax Lot: S
  • Tax Total Finished Sq Ft: 1114
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 02/12/2024

Multi Family

  • Mean Low Water Feet: 8

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2023
Closed on
Feb 12, 2024
Sold by
Papasoff Mara
Bought by
Papasoff Stefan and Stambaugh Kimberly
Seller's Agent
Bill Weissgerber
Railey Realty, Inc.
Buyer's Agent
Andrew Eiswert
Railey Realty, Inc.
List Price
$979,000
Sold Price
$979,000
Views
42
Current Estimated Value
$1,145,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,949
Avg. Annual Appreciation
10.34%

Purchase Details

Closed on
Nov 4, 2003
Sold by
Martin Robert A and Martin Barbara J
Bought by
Papasoff Mara and Papasoff Elsie B
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
Papasoff Stefan $1,650,000 None Listed On Document
Stambaugh William $1,650,000 None Listed On Document
Papasoff Mara $649,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stambaugh William Harlan $1,905,500
Closed Papasoff Mara --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2024 02/12/24 Sold $979,000 0.0% $879 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/16/2023 12/16/23 For Sale $979,000 -- $879 / 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 $8,316 $732,000 $432,500 $299,500
2024 $7,717 $658,133 $0 $0
2023 $6,854 $584,267 $0 $0
2022 $5,991 $510,400 $376,300 $134,100
2021 $5,959 $507,633 $0 $0
2020 $5,927 $504,867 $0 $0
2019 $5,895 $502,100 $376,300 $125,800
2018 $5,563 $502,100 $376,300 $125,800
2017 $5,563 $502,100 $0 $0
2016 -- $505,600 $0 $0
2015 -- $505,600 $0 $0
2014 -- $505,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Weissgerber

    Seller's Agent in 2024

    Bill Weissgerber

    Railey Realty, Inc.

    (301) 616-4141

    216 Total Sales

    Bill Weissgerber
    Section Image
  • Andrew Eiswert

    Buyer's Agent in 2024

    Andrew Eiswert

    Railey Realty, Inc.

    (301) 616-0587

    75 Total Sales

    Andrew Eiswert
    Section Image
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Map

Source: Bright MLS

MLS Number: MDGA2006332

Bright MLS

APN: 18-026031

Maryland Garrett County Oakland 21550

378 Lower Penn Point Dr, Oakland, MD

This home is located at 378 Lower Penn Point Dr, Oakland, MD 21550 since 16 December 2023 and is currently estimated at $1,145,949, approximately $1,028 per square foot. This property was built in 1950. 378 Lower Penn Point Dr is a home located in Garrett County with nearby schools including Broad Ford Elementary School, Southern Middle School, and Southern Garrett High School.

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