NOT LISTED FOR SALE

530 Timber Falls Rd Oakland, MD 21550

Estimated Value: $144,000 - $193,000

1 Bed
1 Bath
576 Sq Ft
$290/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2016

Last sale price $83,000 $144 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,014 / mo

50 Days on Market

Highlights

  • Craftsman Architecture
  • Forced Air Heating System
  • Combination Kitchen and Dining Room
  • 1 Fireplace

About This Home

As of April 2016

New construction cabin on 4 acres on Backbone Mtn. Custom Ash cabinets and ceramic work in kitchen and bath. Nice built in bookcase and entertainment center, waiting for your finishing touches. Close to all that western Maryland and West Virginia has to offer.

Last Agent to Sell the Property

Michael Wallace

(301) 387-2000 mikew@railey.com Railey Realty, Inc. License #611291 Listed on: 01/17/2016

Railey Realty, Inc.

Last Buyer's Agent

Michael Wallace

(301) 387-2000 mikew@railey.com Railey Realty, Inc. License #611291 Listed on: 01/17/2016

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $961

Year Built

  • Built in 2012

Lot Details

  • 3.99 Acre Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Combination Kitchen and Dining Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Exterior Basement Entry
  • Natural lighting in basement

Utilities

  • Cooling System Utilizes Bottled Gas
  • Forced Air Heating System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Backbone Ridge Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 1208014426

Home Details

Home Type

Single Family

Est. Annual Taxes

$961

Year Built

Built in 2012

Lot Details

3.99 Acres

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Architectural Style: Craftsman
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 2012
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Combination Kitchen/Dining
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Full, Daylight, Full, Heated, Walkout Level
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Construction Materials: Frame
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 300.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 61400.00
  • Land Assessed Value: 25400.00
  • Lot Size Acres: 3.99
  • Lot Size Area: 173804
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 173804.00

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15649540
  • Tax Annual Amount: 960.94
  • Assessor Parcel Number: 1208014426
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2016
Closed on
Apr 29, 2016
Sold by
Turner Steven and Turner Susan
Bought by
Snyder Randall S and Snyder Dianna L
Seller's Agent
Michael Wallace
Railey Realty, Inc.
Buyer's Agent
Michael Wallace
Railey Realty, Inc.
List Price
$99,000
Sold Price
$83,000
Premium/Discount to List
-$16,000
-16.16%
Current Estimated Value
$167,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,107
Avg. Annual Appreciation
7.29%
Original Mortgage
$75,000
Outstanding Balance
$59,957
Interest Rate
3.79%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$107,150

Purchase Details

Closed on
Aug 9, 2005
Sold by
Grogan Norman H and Grogan Diane E
Bought by
Turner Steven and Turner Susan

Purchase Details

Closed on
Oct 4, 2001
Sold by
Zeller Raymond J and Zeller Mary D
Bought by
Grogan Norman H and Grogan Diane E

Purchase Details

Closed on
Jun 6, 2000
Sold by
Grey Timothy E and Grey Kelly P
Bought by
Zeller Raymond J and Zeller Mary D
Source: Public Records

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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Purchase History

Date Buyer Sale Price Title Company
Snyder Randall S $83,000 Sage Title Group Llc
Turner Steven $25,000 --
Grogan Norman H $10,000 --
Zeller Raymond J $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snyder Randall S $75,000
Closed Grogan Norman H --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $83,000 -16.2% $144 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
01/17/2016 01/17/16 For Sale $99,000 -- $172 / Sq Ft
Source: Bright MLS

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 $1,074 $104,233 $0 $0
2024 $1,068 $94,967 $0 $0
2023 $1,031 $85,700 $19,400 $66,300
2022 $1,031 $85,700 $19,400 $66,300
2021 $1,031 $85,700 $19,400 $66,300
2020 $1,033 $85,900 $22,400 $63,500
2019 $1,033 $85,900 $22,400 $63,500
2018 $977 $85,900 $22,400 $63,500
2017 $1,000 $88,000 $0 $0
2016 -- $87,600 $0 $0
2015 -- $87,200 $0 $0
2014 -- $86,800 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1003914701

Bright MLS

APN: 08-014426

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