NOT LISTED FOR SALE

508 Lake Forest Dr Oakland, MD 21550

Oakland Area

Estimated Value: $1,271,000 - $1,818,000

4 Beds
4.5 Baths
2,960 Sq Ft
$478/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2018

Last sale price $669,500 $226 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $8,886 / mo

432 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Deck
  • Contemporary Architecture
  • 2 Dock Slips
  • Wood Burning Stove
  • Private Lot

About This Home

As of November 2018

Peaceful wooded waterfront with gentle slope to lake offers deep-water Type A private dock. Enjoy four-season beauty of the lake, sun and moonrises by a wood-burning fireplace or from the expansive lakeside deck. Architect/Owner incorporated natural cedar and dry-stacked stone into low-maintenance design; 3 master suites (4BR/4.5BA), ample parking and hot tub. Updated kitchen cabinets! Must see!

Last Agent to Sell the Property

Jay Ferguson

(301) 387-4700 terah@deepcreeksales.com Taylor-Made Deep Creek Real Estate, LLC Listed on: 07/14/2017

Last Buyer's Agent

Betsy Spiker Holcomb

(301) 387-4700 terah@deepcreeksales.com Taylor-Made Deep Creek Real Estate, LLC License #518606

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,262

Year Built

  • Built in 1995 | Remodeled in 2016

Lot Details

  • 17,122 Sq Ft Lot
  • 70 Feet of Waterfront
  • Home fronts navigable water
  • East Facing Home
  • Private Lot
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Property is in very good condition

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Stone Siding
  • Cedar

Interior Spaces

  • 2,960 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Wood Burning Stove
  • Fireplace With Glass Doors
  • Includes Fireplace Accessories
  • Window Treatments
  • Combination Kitchen and Living
  • Water Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom

Finished Basement

  • Connecting Stairway
  • Exterior Basement Entry

Outdoor Features

  • Water Access
  • Property is near a lake
  • Subject To Department Of Natural Resources Permit
  • 2 Dock Slips
  • Physical Dock Slip Conveys
  • 2 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted
  • Deck

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Lake Forest Estates Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 1218062380

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,262

Year Built

Built in 1995 | Remodeled in 2016

Lot Details

0.39 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,,Furniture Conveys
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1995
  • Year Renovated: 2016
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Refrigerator, Oven/Range - Electric
  • Interior Amenities: Combination Kitchen/Living, Primary Bath(s), Window Treatments, Entry Level Bedroom
  • Fireplace Features: Equipment, Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2960
  • Living Area Sq Ft: 2960
  • Price Per Sq Ft: 232.77
  • Above Grade Finished Sq Ft: 2960
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Cedar, Stone
  • Dock Type: Type A
  • Pool Private: No
  • Roof: Asphalt
  • View: Water
  • View: Yes
  • 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: 70

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Oil, Electric, Wood
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 211700.00
  • Land Assessed Value: 314400.00
  • Lot Features: Backs To Trees, Partly Wooded, Private
  • Lot Size Acres: 0.39
  • Lot Size Area: 17122
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17122.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15663858
  • Tax Annual Amount: 6262.24
  • Assessor Parcel Number: 1218062380
  • Tax Lot: 21
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Dock Slip Conveyance: Subject To Dnr Permit
  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Nov 30, 2018
Sold by
Bought by
Seller's Agent
Jay Ferguson
Taylor-Made Deep Creek Real Estate, LLC
Buyer's Agent
Betsy Spiker Holcomb
Taylor-Made Deep Creek Real Estate, LLC
List Price
$689,000
Sold Price
$669,500
Premium/Discount to List
-$19,500
-2.83%
Current Estimated Value
$1,415,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,734
Avg. Annual Appreciation
10.17%
Original Mortgage
$535,600
Outstanding Balance
$467,921
Interest Rate
5.24%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$947,313

Purchase Details

Closed on
May 5, 2017
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 2000
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Oakland, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$669,500 Sage Title Group Llc
-- None Available
-- --
$345,000 --
$311,500 --
$273,700 --
$265,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $535,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $669,500 -2.8% $226 / Sq Ft
09/19/2018 09/19/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $689,000 0.0% $233 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
01/18/2018 01/18/18 Price Changed $689,000 -4.2% $233 / Sq Ft
07/14/2017 07/14/17 For Sale $719,000 -- $243 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,474 $1,159,533 $0 $0
2025 $13,419 $1,135,300 $360,900 $774,400
2024 $11,982 $975,767 $0 $0
2023 $10,105 $816,233 $0 $0
2022 $8,196 $656,700 $314,400 $342,300
2020 $7,166 $569,633 $0 $0
2019 $6,618 $526,100 $314,400 $211,700
2018 $6,271 $526,100 $314,400 $211,700
2017 $6,234 $526,100 $0 $0
2016 -- $529,800 $0 $0
2015 -- $529,800 $0 $0
2014 -- $529,800 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1000109947

Bright MLS

APN: 18-062380

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