503 E Alder St Oakland, MD 21550
Estimated payment $1,824/month
Total Views
2,796
4
Beds
2
Baths
2,496
Sq Ft
$112
Price per Sq Ft
Highlights
- Space For Rooms
- 1 Fireplace
- Office or Studio
- Victorian Architecture
- No HOA
- 60+ Gallon Tank
About This Home
Investor’s Dream or Value-Seeker’s Opportunity | Queen Anne Victorian with Timeless Charm & Huge Potential
This is the opportunity you’ve been waiting for—a true investor’s dream or the perfect chance for someone looking to buy a home at a low price and create exceptional value. This spacious and elegant Queen Anne Victorian combines historic beauty with incredible potential. The current owner began major renovations, including structural improvements, updated electrical work, new flooring, and fresh paint. Unfortunately, due to a family emergency, the work had to be paused—now offering you the rare opportunity to finish the project to your taste and vision.
Whether you're looking for a profitable fix-and-flip or a unique canvas to create your dream home, this property has what you need. From the moment you step inside, you'll be captivated by its original charm, including stained-glass windows, rich oak trim, a dramatic spiral staircase, and classic built-in bookshelves. The home also features a spacious walk-in pantry, a wrap-around covered porch perfect for relaxing, and a beautiful stone patio ideal for entertaining. Surrounded by mature trees and established perennial gardens, this home feels warm, welcoming, and full of life.
With its generous layout and timeless architecture, this property is a true gem. And with the renovations already underway, you're starting ahead—owning this home for a fraction of its finished value. Whether you’re an investor ready to make a smart move or a buyer searching for a property with character and potential, this is one opportunity you won’t want to miss. Schedule your showing today and discover everything this remarkable home has to offer.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,609
Year Built
- Built in 1922
Lot Details
- 0.25 Acre Lot
Parking
- On-Street Parking
Home Design
- Victorian Architecture
- Plaster Walls
- Advanced Framing
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Property has 2 Levels
- 1 Fireplace
Bedrooms and Bathrooms
- 4 Bedrooms
Unfinished Basement
- Interior Basement Entry
- Space For Rooms
Outdoor Features
- Office or Studio
- Shed
Utilities
- Radiant Heating System
- 60+ Gallon Tank
Community Details
- No Home Owners Association
- Built by JARBOS
- Garrett County Subdivision
Listing and Financial Details
- Tax Lot 852
- Assessor Parcel Number 1217003747
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,771 | $235,100 | $23,300 | $211,800 |
| 2024 | $3,609 | $220,033 | $0 | $0 |
| 2023 | $3,361 | $204,967 | $0 | $0 |
| 2022 | $3,114 | $189,900 | $23,300 | $166,600 |
| 2021 | $3,105 | $189,300 | $0 | $0 |
| 2020 | $3,095 | $188,700 | $0 | $0 |
| 2019 | $3,085 | $188,100 | $23,300 | $164,800 |
| 2018 | $2,961 | $188,100 | $23,300 | $164,800 |
| 2017 | $2,960 | $188,100 | $0 | $0 |
| 2016 | -- | $190,500 | $0 | $0 |
| 2015 | -- | $190,500 | $0 | $0 |
| 2014 | -- | $190,500 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | Price Changed | $279,991 | -1.9% | $112 / Sq Ft |
| 08/10/2025 08/10/25 | Price Changed | $285,500 | -3.1% | $114 / Sq Ft |
| 08/06/2025 08/06/25 | Price Changed | $294,500 | -6.5% | $118 / Sq Ft |
| 08/01/2025 08/01/25 | For Sale | $315,000 | -- | $126 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $295,000 | Momentum Title | |
| Deed | $295,000 | Momentum Title | |
| Deed | $200,000 | -- | |
| Deed | $200,000 | -- | |
| Deed | $118,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,000 | New Conventional | |
| Open | $265,500 | New Conventional | |
| Closed | $265,500 | New Conventional | |
| Previous Owner | $60,000 | New Conventional | |
| Previous Owner | $60,000 | New Conventional | |
| Previous Owner | $89,625 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | -- | No Value Available |
Source: Public Records
Similar Homes in Oakland, MD
Source: Bright MLS
MLS Number: MDGA2010182
APN: 17-003747
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