NOT LISTED FOR SALE

515 Harvey Peninsula Rd Swanton, MD 21561

Estimated Value: $1,597,000 - $3,284,000

9 Beds
7.5 Baths
5,468 Sq Ft
$399/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $1,225,000 $224 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $13,887/month

291 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Fishing Allowed
  • 3 Fireplaces
  • 1 Dock Slip
  • Chalet
  • Furnished

About This Home

As of September 2020

Rare opportunity to own one of Deep Creek Lake's only 9 bedroom homes! This home has had a substantial makeover in 2018/2019 (inside and out) and is poised to be even more of a rental juggernaut. Total square footage near 5,500sf and features wood burning fireplace, screened porch, rec room huge kitchen and a level, grassy lakefront lawn. Main home offers 7BRs 5.5BA, guest home offers 2BR, 2BA, and they can be rented/occupied individually or in conjunction with each other. 100 feet of waterfront in a quiet, no-wake cove and includes a dock slip. Very private setting, yet just a few minutes to state park, shopping & dining. Over-sized 2+ acre lot offers an amazing opportunity to build a pool, garage and/or sport-court - perhaps all 3! The sky is the limit with this unique property! "Three Bears Retreat". $100k in vacation rental income booked so far in 2020 despite the COVID shutdown in spring.

Last Agent to Sell the Property

Jay Ferguson

Taylor Made Deep Creek Vacations & Sales Listed on: 10/12/2019

Last Buyer's Agent

Jon Bell

Railey Realty, Inc.

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,629

Year Built

  • Built in 2001 | Remodeled in 2018

Lot Details

  • 2.07 Acre Lot
  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Property is in very good condition

Parking

  • Driveway

Property Views

  • Water
  • Woods

Home Design

  • Chalet
  • Shingle Roof
  • Log Siding

Interior Spaces

  • Property has 3 Levels
  • Furnished
  • Ceiling Fan
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Combination Dining and Living Room

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Limited Hours Of Personal Watercraft Operation
  • Swimming Allowed
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Shared Waterfront
  • 1 Powered Boats Permitted

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 3
  • Assessor Parcel Number 1218068931

Community Details

Overview

  • No Home Owners Association
  • Association fees include pier/dock maintenance, road maintenance
  • $83 Other Monthly Fees
  • North Glade Cove Subdivision
  • Property Manager

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,629

Year Built

Built in 2001 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Chalet
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2001
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own one of Deep Creek Lake's only 9 bedroom homes! This home has had a substantial makeover in 2018/2019 (inside and out) and is poised to be even more of a rental juggernaut. Total square footage near 5,500sf and features wood burning fireplace, screened porch, rec room huge kitchen and a level, grassy lakefront lawn. Main home offers 7BRs 5.5BA, guest home offers 2BR, 2BA, and they can be rented/occupied individually or in conjunction with each other. 100 feet of waterfront in a quiet, no-wake cove and includes a dock slip. Very private setting, yet just a few minutes to state park, shopping & dining. Over-sized 2+ acre lot offers an amazing opportunity to build a pool, garage and/or sport-court - perhaps all 3! The sky is the limit with this unique property! "Three Bears Retreat". $100k in vacation rental income booked so far in 2020 despite the COVID shutdown in spring.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Washer, Dryer, Dishwasher, Refrigerator, Stove
  • Interior Amenities: Combination Dining/Living, Ceiling Fan(s)
  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished, Outside Entrance, Walkout Level
  • Total Sq Ft: 5516
  • Living Area Sq Ft: 5468
  • Price Per Sq Ft: 354.14
  • Above Grade Finished Sq Ft: 3668
  • Below Grade Finished Sq Ft: 1800
  • Below Grade Sq Ft: 48
  • Total Below Grade Sq Ft: 1848
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 515

Beds/Baths

  • Bedrooms: 9
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 4
  • Lower Level Bedroom: 4
  • Total Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Log Siding
  • Roof: Shingle
  • Spa: No
  • View: Water, Trees/Woods
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Limited Hours Of Personal Watercraft Operation (PWC), Private Access, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Deep Creek Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: 90% Forced Air, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Pier/Dock Maintenance, Road Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Other Fees: 1000.00
  • Other Fees Frequency: Annually

Schools

  • School District: GARRETT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139907558
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 685900.00
  • Land Assessed Value: 247900.00
  • Land Use Code: 008
  • Lot Size Acres: 2.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 90271.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 90000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 15667401
  • Tax Annual Amount: 9629.00
  • Assessor Parcel Number: 1218068931
  • Tax Lot: 3
  • Tax Total Finished Sq Ft: 5468
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/09/2020

Multi Family

  • Waterfront Features: Shared

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2019
Closed on
Sep 9, 2020
Sold by
Taylor Michael and Taylor Stephanie E
Bought by
Hoare Raymond R and Hoare Shelley J
Seller's Agent
Jay Ferguson
Taylor Made Deep Creek Vacations & Sales
Buyer's Agent
Jon Bell
Railey Realty, Inc.
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%
Current Estimated Value
$2,184,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$959,053
Avg. Annual Appreciation
8.52%
Original Mortgage
$1,102,377
Outstanding Balance
$999,005
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$837,392

Purchase Details

Listed on
Sep 12, 2018
Closed on
Oct 31, 2018
Sold by
Scopin Raymond and Meek Teresa
Bought by
Taylor Michael and Taylor Stephanie E
Seller's Agent
Rachel Bruch
Railey Realty, Inc.
Buyer's Agent
Jay Ferguson
Taylor Made Deep Creek Vacations & Sales
List Price
$989,000
Sold Price
$950,000
Premium/Discount to List
-$39,000
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%
Original Mortgage
$760,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2015
Sold by
Cioffi Rita Judith
Bought by
Cioffi Family Revocable Trust

Purchase Details

Closed on
Jun 23, 2009
Sold by
Scopin Raymond J Jr Trstee
Bought by
Scopin Raymond J and Scopin Judith Cioffi

Purchase Details

Closed on
Jun 5, 2007
Sold by
Scopin R Sr Family Trst
Bought by
Scopin Raymond J Jr Trstee

Purchase Details

Closed on
Apr 24, 2007
Sold by
Scopin R Sr Family Trst
Bought by
Scopin Raymond J Jr Trstee and Margaret D Scopin Rev Trust Etal

Purchase Details

Closed on
Jun 10, 2005
Sold by
Bosley Paul W and Bosley Rebecca C
Bought by
Scopin R Sr Family Trst

Purchase Details

Closed on
Sep 17, 2002
Sold by
Stout Jon M and Stout Patricia W
Bought by
Bosley Paul W and Bosley Rebecca C

Purchase Details

Closed on
Jul 31, 2000
Sold by
Spiker Karen F Trst
Bought by
Stout Jon M and Stout Patricia W
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hoare Raymond R $1,225,000 Maryland Title Center Llc
Taylor Michael $950,000 Sage Title Group Llc
Cioffi Family Revocable Trust -- Attorney
Scopin Raymond J -- --
Scopin Raymond J Jr Trstee -- --
Scopin Raymond J Jr Trstee -- --
Scopin R Sr Family Trst $970,000 --
Bosley Paul W $739,900 --
Stout Jon M $93,955 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoare Raymond R $1,102,377
Previous Owner Taylor Michael $759,000
Previous Owner Taylor Michael $760,000
Closed Stout Jon M --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $1,225,000 -5.7% $224 / Sq Ft
06/30/2020 06/30/20 Price Changed $1,299,000 0.0% $238 / Sq Ft
06/30/2020 06/30/20 For Sale $1,299,000 +6.0% $238 / Sq Ft
02/05/2020 02/05/20 Off Market $1,225,000 -- --
10/12/2019 10/12/19 For Sale $1,365,000 +43.7% $250 / Sq Ft
10/31/2018 10/31/18 Sold $950,000 -3.9% $259 / Sq Ft
09/12/2018 09/12/18 For Sale $989,000 -- $270 / 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 $23,842 $2,017,100 $428,000 $1,589,100
2024 $20,336 $1,656,000 $0 $0
2023 $16,031 $1,294,900 $0 $0
2022 $11,654 $933,800 $247,900 $685,900
2021 $11,067 $879,733 $0 $0
2020 $10,387 $825,667 $0 $0
2019 $9,707 $771,600 $207,900 $563,700
2018 $9,197 $771,600 $207,900 $563,700
2017 $9,193 $771,600 $0 $0
2016 -- $781,300 $0 $0
2015 -- $781,400 $0 $0
2014 -- $781,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDGA131540

Bright MLS

APN: 18-068931