NOT LISTED FOR SALE

565 Glendale Rd Unit 208 Oakland, MD 21550

Estimated Value: $187,000 - $219,367

1 Bed
1 Bath
484 Sq Ft
2006 Built

Sale Details

Date Sold: September 28, 2022

Last sale price $182,000 $376 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,729 / mo

19 Days on Market

Highlights

  • 350 Feet of Waterfront
  • Sandy Beach
  • Lake Privileges
  • Beach
  • Fitness Center
  • Community Lake

About This Home

As of September 2022

Wonderful second floor (1) Bedroom at the Silver Tree Suites with a private deck. The great thing about the second floor is it is on the same level with a great Sitting Room - Library, Living Room that overlooks the 3 lower fireplaces and lobby. That Sitting Room is great for card games or just personal online time. Enjoy the Lake View from this common area. Ice Machine is also on this floor. Access the lower lobby through adjoining steps or Elevator. Take the elevator to the lower level to a Fitness Room with Sauna; Game Room and Laundry. Some meeting rooms available. The best part of owning a Silver Tree Suites unit is that they are established rentals. UTILITIES - unlike other condominium complexes, many utilities are included in your monthly condo dues such as: Propane used in your unit fireplace and heating your water for showers and dishwashers. Public Water, Sewer Bill, Trash are also included in your dues. Perfect way to own a Vacation Home - Use it personally and rent it when you not in use. Many furniture items replaced in 2021. All contents are included. ONSITE are Silver Tree Marina (independent business for boat & kayak rentals); Dutch's at Silver Tree and The Harbor Bar. Appointments strictly 11-3 on condominium hotel Check-Out - In days which vary with occupancy.

Last Agent to Sell the Property

Melissa Goodfellow

(301) 387-2000 lgoodfellow@railey.com Railey Realty, Inc. License #88821 Listed on: 07/28/2022

Railey Realty, Inc.

Last Buyer's Agent

Debra Savage

(301) 387-2000 dsavage@railey.com Railey Realty, Inc.

Railey Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $853

Year Built

  • Built in 2006

Lot Details

  • 350 Feet of Waterfront
  • Home fronts navigable water
  • Sandy Beach

HOA Fees

  • $468 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Post and Beam
  • Entry on the 2nd floor
  • Shingle Roof
  • Composite Building Materials
  • Cedar

Interior Spaces

  • 484 Sq Ft Home
  • Property has 4 Levels
  • Furnished
  • Gas Fireplace
  • Laundry in Basement

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Water Access
  • Property is near a lake
  • Lake Privileges

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Community Propane
  • Propane Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 208
  • Assessor Parcel Number 1218083108

Community Details

Overview

  • Association fees include sewer, water, snow removal, sauna, road maintenance, reserve funds, management, lawn maintenance, common area maintenance
  • 51 Units
  • Low-Rise Community
  • Silver Tree Suites Condominium Association Condos, Phone Number (301) 387-0653
  • Silver Tree Suites Subdivision
  • Property Manager
  • Community Lake

Amenities

  • Picnic Area
  • Sauna
  • Game Room
  • Meeting Room
  • Party Room
  • Laundry Facilities

Recreation

  • Beach
  • Fitness Center

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$853

Year Built

Built in 2006

Lot Details

0 Sq Ft Lot

HOA Fees

$468 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Post & Beam
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • Inclusions: Furniture - Decor - Kitchen Contents (Turn-Key typical of condominium hotel)
  • New Construction: No
  • Story List: Main
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Microwave
  • Entry Floor: 2
  • Flooring Type: Carpet, Ceramic Tile
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Common, Basement
  • Total Sq Ft: 484
  • Living Area Sq Ft: 484
  • Price Per Sq Ft: 390.50
  • Above Grade Finished Sq Ft: 484
  • Above Grade Finished 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

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Composition, Cedar
  • Roof: Shingle
  • Water Access: Yes
  • Water Body Name: Deep Creek Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No
  • Water Frontage In Feet: 350

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone, Propane - Community, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 467.51
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Silver Tree Suites Condominium Association
  • Condo Co-Op Phone: 301-387-0653
  • HOA Condo Co-Op Amenities: Water/Lake Privileges, Lake, Beach, Elevator, Exercise Room, Game Room, Laundry Facilities, Meeting Room, Party Room, Picnic Area, Sauna
  • HOA Condo Co-Op Fee Includes: Sewer, Water, Snow Removal, Sauna, Road Maintenance, Reserve Funds, Management, Lawn Maintenance, Common Area Maintenance
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • 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: 63000.00
  • Land Assessed Value: 10000.00
  • Zoning: TC
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 15673576
  • Tax Annual Amount: 853.00
  • Assessor Parcel Number: 1218083108
  • Tax Lot: 208
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 7, 2022
Sold by
Properties By Zen Llc
Bought by
Petrarca Ralph A
Seller's Agent
Melissa Goodfellow
Railey Realty, Inc.
Buyer's Agent
Debra Savage
Railey Realty, Inc.
List Price
$189,000
Sold Price
$182,000
Premium/Discount to List
-$7,000
-3.7%
Views
37
Current Estimated Value
$206,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,592
Avg. Annual Appreciation
3.62%
Original Mortgage
$166,032
Outstanding Balance
$157,871
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$48,721

Purchase Details

Closed on
Dec 2, 2015
Sold by
Silvertree Enterprises Llc
Bought by
Properties By Zen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
3.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Petrarca Ralph A $184,500 Nona Title
Properties By Zen Llc $53,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrarca Ralph A $166,032
Previous Owner Properties By Zen Llc $42,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2022 09/28/22 Sold $182,000 -3.7% $376 / Sq Ft
07/28/2022 07/28/22 For Sale $189,000 -- $390 / 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 $1,987 $155,000 $10,000 $145,000
2024 $1,695 $127,667 $0 $0
2023 $1,342 $100,333 $0 $0
2022 $984 $73,000 $10,000 $63,000
2020 $991 $73,000 $10,000 $63,000
2019 $1,154 $85,000 $30,000 $55,000
2018 $1,589 $123,000 $50,000 $73,000
2017 $1,741 $123,000 $0 $0
2016 -- $123,000 $0 $0
2015 -- $123,000 $0 $0
2014 -- $123,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA2003516

Bright MLS

APN: 18-083108

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