NOT LISTED FOR SALE

7 Silver Tree Ln Oakland, MD 21550

Estimated Value: $728,000 - $980,000

5 Beds
4 Baths
2,407 Sq Ft
$357/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $396,000 $165 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $5,315/month

1,271 Days on Market

Highlights

  • Water Views
  • Home fronts navigable water
  • Community Lake
  • Pier or Dock
  • Water Access
  • Transitional Architecture

About This Home

As of November 2020

This lovely lake access home is conveniently located minutes from all the Deep Creek activities. With easy walk to lake access, you can enjoy all the lake has to offer. Outside access to shed storage. Large paved parking area and triple decks. Cathedral ceilings and open living area withs lots of light. Two stone gas fireplaces. Great for investment or second home!

Last Agent to Sell the Property

Sandy Bello

(301) 387-4700 terah@deepcreeksales.com Taylor Made Deep Creek Real Estate License #632208 Listed on: 04/04/2017

Last Buyer's Agent

Mike Fenton

(301) 387-2000 mfenton@railey.com Railey Realty, Inc. License #661960

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 0.29 Acre Lot
  • Home fronts navigable water
  • Property is in very good condition

HOA Fees

  • $96 Monthly HOA Fees

Property Views

  • Water
  • Woods

Home Design

  • Transitional Architecture
  • Asphalt Roof
  • HardiePlank Type

Interior Spaces

  • 2,407 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • 2 Fireplaces
  • Fireplace Mantel
  • Double Pane Windows
  • Window Treatments
  • Open Floorplan
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Upgraded Countertops

Bedrooms and Bathrooms

  • En-Suite Bathroom

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near a lake

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 1218072742

Community Details

Overview

  • Association fees include road maintenance, snow removal
  • Silver Tree Landing Subdivision
  • Community Lake

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0.29 Acres

HOA Fees

$96 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Transitional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Combination Dining/Living, Primary Bath(s), Upgraded Countertops, Window Treatments, Wet/Dry Bar, Wood Floors
  • Window Features: Double Pane
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2407
  • Living Area Sq Ft: 2407
  • Price Per Sq Ft: 176.57
  • Above Grade Finished Sq Ft: 2407
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Hardiplank Type
  • Pool Private: No
  • Roof: Asphalt
  • View: Water, Trees/Woods
  • View: Yes
  • Water Access: Yes
  • Water Body Name: DEEP CREEK LAKE
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Propane - Owned
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1157.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pier/Dock, Lake
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Snow Removal
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: 3rd Party

Lot Info

  • Improvement Assessed Value: 286000.00
  • Land Assessed Value: 87800.00
  • Lot Size Acres: 0.29
  • Lot Size Area: 12500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12500.00
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Multi Family

  • Dock Slip Conveyance: None Available

Tax Info

  • Assessor Parcel Number: 15653137
  • Assessor Parcel Number: 1218072742
  • Tax Lot: 14
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2016

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2017
Closed on
Nov 10, 2020
Sold by
Pritchard Michael A and Pritchard Margaret A
Bought by
Bilanin Jo Ellen and Norton Andrew Reynolds
Seller's Agent
Sandy Bello
Taylor Made Deep Creek Real Estate
Buyer's Agent
Mike Fenton
Railey Realty, Inc.
List Price
$450,000
Sold Price
$396,000
Premium/Discount to List
-$54,000
-12%
Current Estimated Value
$858,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,742
Avg. Annual Appreciation
15.63%
Original Mortgage
$176,000
Outstanding Balance
$156,615
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$702,127

Purchase Details

Closed on
Sep 20, 2004
Sold by
Ware Michael E and Ware Lisa M
Bought by
Pritchard Michael A and Pritchard Margaret A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bilanin Jo Ellen $396,000 None Available
Pritchard Michael A $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bilanin Jo Ellen $176,000
Closed Pritchard Michael A --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $396,000 -6.8% $165 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
10/06/2018 10/06/18 Price Changed $425,000 -5.6% $177 / Sq Ft
04/04/2017 04/04/17 For Sale $450,000 -- $187 / 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 $8,996 $701,700 $180,500 $521,200
2024 $7,949 $598,567 $0 $0
2023 $6,629 $495,433 $0 $0
2022 $5,288 $392,300 $87,800 $304,500
2020 $5,160 $379,967 $0 $0
2019 $5,076 $373,800 $87,800 $286,000
2018 $4,829 $373,800 $87,800 $286,000
2017 $5,359 $373,800 $0 $0
2016 -- $378,600 $0 $0
2015 -- $378,600 $0 $0
2014 -- $378,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000109497

Bright MLS

APN: 18-072742

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