NOT LISTED FOR SALE

5236 Gorman Rd Oakland, MD 21550

Estimated Value: $392,000 - $554,000

4 Beds
2.5 Baths
2,332 Sq Ft
$187/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $425,000 $182 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,588/month

Highlights

  • Panoramic View
  • 1 Fireplace
  • No HOA
  • Wood Burning Stove
  • Workshop
  • Cottage

About This Home

As of February 2022

Endless opportunity in the quiet countryside! Adorable 4 bed 2.5 bath home sitting on 5.75 acres. It features an attached 2 car garage with a detached 2 car garage just beside the home. Many outbuildings such as 2 pole buildings, a garden shed, and a hay/general storage shed. The large pole building is roughly 50'x80' and equipped with power. Fully open space with a deep pit to work under commercial sized vehicles, tractors, and standard vehicles. The field is fenced in behind the house and pole buildings. Phenomenal yard space for your family and furry pals. Let's talk about those 360 VIEWS! Enjoy the sunrises and sunsets from almost any part of this property. Just minutes from downtown Oakland shopping, hospitals, and activities. Roughly 25 minutes from Deep Creek Lake and Wisp Ski Resort.

Last Agent to Sell the Property

Kelsey Meyers

(814) 279-8338 kelsey@railey.com Railey Realty, Inc. Listed on: 11/24/2021

Railey Realty, Inc.

Last Buyer's Agent

Kellyann Green

(301) 501-4122 kellyann@railey.com Railey Realty, Inc. License #315861

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,496

Year Built

  • Built in 1973

Lot Details

  • 5.75 Acre Lot
  • Northwest Facing Home

Parking

  • 6 Garage Spaces | 2 Attached and 4 Detached
  • 8 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage

Property Views

  • Panoramic
  • Scenic Vista
  • Woods
  • Mountain
  • Valley

Home Design

  • Cottage
  • Brick Foundation
  • Stone Siding
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,332 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Wood Burning Stove
  • Den

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Shelving
  • Workshop

Utilities

  • Heating unit installed on the ceiling
  • Well
  • Electric Water Heater
  • Septic Equal To The Number Of Bedrooms

Community Details

  • No Home Owners Association
  • Oakland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1216006629

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,496

Year Built

Built in 1973

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Brick/Mortar
  • Levels Count: 3
  • Room List: Den
  • Basement: Yes
  • Basement Type: Unfinished, Workshop, Shelving
  • Total Sq Ft: 2332
  • Living Area Sq Ft: 2332
  • Price Per Sq Ft: 182.25
  • Above Grade Finished Sq Ft: 2332
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Combination, Vinyl Siding, Stone, Stick Built
  • View: Mountain, Panoramic, Scenic Vista, Valley, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 6.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry, Oversized
  • Attached Garage Spaces: 2
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 14
  • Type Of Parking: Driveway, Attached Garage, Detached Garage
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric, Wood
  • Heating Type: Wood Burn Stove, Ceiling
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic = # Of Br
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 183800.00
  • Land Assessed Value: 32700.00
  • Lot Size Acres: 5.75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 250470.00
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15656082
  • Tax Annual Amount: 2496.00
  • Assessor Parcel Number: 1216006629
  • Tax Page Number: 340
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Feb 16, 2022
Sold by
First United Bank & Trust
Bought by
Valentino Christopher C and Valentino Christie C
Seller's Agent
Kelsey Meyers
Railey Realty, Inc.
Buyer's Agent
Kellyann Green
Railey Realty, Inc.
List Price
$449,500
Sold Price
$425,000
Premium/Discount to List
-$24,500
-5.45%
Current Estimated Value
$435,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,497
Avg. Annual Appreciation
0.66%
Original Mortgage
$318,750
Outstanding Balance
$296,481
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$139,016
Source: Public Records

Range of Values:

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Average Value
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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
Valentino Christopher C $425,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentino Christopher C $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2022 02/16/22 Sold $425,000 0.0% $182 / Sq Ft
12/20/2021 12/20/21 Price Changed $425,000 -5.5% $182 / Sq Ft
11/24/2021 11/24/21 For Sale $449,500 -- $193 / 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 $3,708 $322,300 $35,100 $287,200
2024 $3,413 $287,033 $0 $0
2023 $3,001 $251,767 $0 $0
2022 $2,589 $216,500 $32,700 $183,800
2021 $2,573 $215,133 $0 $0
2020 $2,497 $213,767 $0 $0
2019 $2,541 $212,400 $32,700 $179,700
2018 $2,400 $212,400 $32,700 $179,700
2017 $2,517 $212,400 $0 $0
2016 -- $226,500 $0 $0
2015 -- $226,500 $0 $0
2014 -- $226,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA2001482

Bright MLS

APN: 16-006629