NOT LISTED FOR SALE

577 Lake Shore Dr Oakland, MD 21550

Estimated Value: $1,650,000 - $2,296,000

2 Beds
1 Bath
1,178 Sq Ft
$1,598/Sq Ft Est. Value

Last Sold September 11, 2015

Last sale price $419,500 $356 Per Sq Ft

Est. 349% increase in value since last sale

Current estimated payment $11,686/month

68 Days on Market

Highlights

  • 88 Feet of Waterfront
  • Open Floorplan
  • 1 Fireplace
  • 1 Dock Slip
  • Deck
  • No HOA

About This Home

As of September 2015

Quaint setting on this lakefront home in quiet cove area with deep water. This 2 bedroom lakefront offers wormy chestnut, open living, and tranquil setting. Plenty of space to expand or add garage. Enjoy the flagstone side patio or relax on the front covered porch area. Class A Dock Permit.

Last Agent to Sell the Property

Bill Weissgerber

Railey Realty, Inc. Listed on: 05/08/2015

Railey Realty, Inc.

Last Buyer's Agent

Mike Kennedy

Railey Realty, Inc. License #529372

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,494

Year Built

  • Built in 1960

Lot Details

  • 0.51 Acre Lot
  • 88 Feet of Waterfront
  • Home fronts navigable water

Parking

  • Driveway

Home Design

  • Cottage
  • Stone Siding

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • 1 Fireplace
  • Screen For Fireplace
  • Window Treatments
  • Living Room
  • Combination Kitchen and Dining Room
  • Water Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property is near a lake
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • 2 Powered Boats Permitted
  • Deck
  • Patio

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 1218029332

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,494

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • Federal Flood Insurance: Unknown
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1960
  • Remarks Public: Quaint setting on this lakefront home in quiet cove area with deep water. This 2 bedroom lakefront offers wormy chestnut, open living, and tranquil setting. Plenty of space to expand or add garage. Enjoy the flagstone side patio or relax on the front covered porch area. Class A Dock Permit.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Washer, Dryer, Cooktop, Dishwasher, Disposal, Refrigerator, Oven - Wall
  • Interior Amenities: Combination Kitchen/Dining, Window Treatments, Floor Plan - Open
  • Fireplace Features: Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 577

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Construction Materials: Stone
  • Dock Type: Type A
  • Construction Completed: No
  • View: Water
  • 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: 88

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Forced Air
  • 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: GARRETT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139907558

Lot Info

  • Improvement Assessed Value: 67000.00
  • Land Assessed Value: 522300.00
  • Lot Size Acres: 0.51
  • Lot Size Area: 22107
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22107.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2011
  • Zoning: R

Rental Info

  • Vacation Rental: Yes

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Federal Flood Zone: UNKNOWN
  • Waterfront Features: Private Dock Site

Tax Info

  • Assessor Parcel Number: 15659576
  • Tax Annual Amount: 6494.09
  • Assessor Parcel Number: 1218029332
  • Tax Page Number: 452
  • Tax Total Finished Sq Ft: 1178
  • Tax Year: 2011
  • Close Date: 09/11/2015

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 1992
Sold by
Hankins John L and Hankins Carol P
Bought by
Gregg Larry L and Garner Cynthia S
Current Estimated Value
$1,881,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,600
Interest Rate
8.06%
Source: Public Records

Range of Values:

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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
Gregg Larry L $182,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gregg Larry L $90,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2015 09/11/15 Sold $419,500 -8.6% $356 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $459,000 0.0% $390 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
05/08/2015 05/08/15 For Sale $459,000 -- $390 / 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 $17,179 $1,453,400 $433,500 $1,019,900
2024 $15,339 $1,249,100 $0 $0
2023 $12,935 $1,044,800 $0 $0
2022 $10,489 $840,500 $377,300 $463,200
2021 $10,422 $828,433 $0 $0
2020 $10,270 $816,367 $0 $0
2019 $6,015 $478,100 $377,300 $100,800
2018 $5,698 $478,100 $377,300 $100,800
2017 $5,651 $478,100 $0 $0
2016 -- $480,500 $0 $0
2015 -- $480,500 $0 $0
2014 -- $480,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002599272

Bright MLS

APN: 18-029332