Seller's Agent in 2024
Susan Bell
Railey Realty, Inc.
(301) 501-9072
98 Total Sales
757 Marsh Hill Rd Mc Henry, MD 21541
Estimated Value: $1,150,000 - $1,825,000
4
Beds
3.5
Baths
2,688
Sq Ft
$576/Sq Ft
Est. Value
Highlights
- 50 Feet of Waterfront
- 2 Dock Slips
- Spa
- Accident Elementary School Rated 9+
- Private Beach
- Lake View
About This Home
As of January 2024You can have the best of both worlds with this lakefront log home! The lake is steps away, and just a few houses away from Main Street Ski slope at Wisp. If you're looking for an income producing property, the last 3 years the numbers are consistently from $86,000 to $90,000 a year. The home has soaring cathedral ceilings with stunning views of Deep Creek Lake. Spacious open living, kitchen, dining for all your family entertaining. The kitchen has an island to gather for meal prep and plenty of cabinet space. A cozy stone fireplace for those after ski evenings! The main level primary bedroom is private with an adjoining bath. For those who can work remotely there is a room off of the entry that is perfect for a home office. A half bath completes the main level. The upper level has two spacious bedrooms with a large bath between. Movie nights for all in the spacious lower level with a wet bar and a second stone fireplace. There is also a large bedroom and bath with a tiled shower. The home is just steps away from the kind lakefront everyone is looking for. There is a hot tub overlooking the lake and a wonderful hardscaped fire pit for smores and stories! Wisp Ski Area is just a few houses down the road. Minutes from the tubing park, ASCI Whitewater Course, Lodestone and Wisp golf course! If you are looking for an affordable lakefront home, that is also an income producing property, look no further. When they say LOCATION, LOCATION LOCATION, this is what they are talking about!
Last Agent to Sell the Property
(301) 501-9072 sbell@railey.com Railey Realty, Inc. Listed on: 11/11/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,203
Year Built
- Built in 2005
Lot Details
- 7,491 Sq Ft Lot
- 50 Feet of Waterfront
- Home fronts navigable water
- Private Beach
- Stone Retaining Walls
- Property is in very good condition
Parking
- Driveway
Property Views
- Lake
- Mountain
Home Design
- Log Cabin
- Block Foundation
- Log Siding
Interior Spaces
- Property has 3 Levels
- Open Floorplan
- Wet Bar
- Ceiling Fan
- Recessed Lighting
- 2 Fireplaces
- Gas Fireplace
- Window Treatments
- Great Room
- Sitting Room
- Recreation Room
- Finished Basement
Kitchen
- Breakfast Area or Nook
- Kitchen Island
- Upgraded Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
Laundry
- Laundry Room
- Laundry on lower level
Outdoor Features
- Spa
- Water Access
- Property is near a lake
- 2 Dock Slips
- Physical Dock Slip Conveys
- 2 Powered Boats Permitted
- 6 Non-Powered Boats Permitted
Schools
- Accident Elementary School
- Northern Middle School
- Northern Garrett High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Bottled Gas
- Heating System Powered By Leased Propane
- Propane
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 1218022044
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 11, 2023
Closed on
Dec 30, 2023
Sold by
Luther Christopher L and Luther Debra A
Bought by
Milo Lakeshore Llc
Seller's Agent
Susan Bell
Railey Realty, Inc.
Buyer's Agent
Russell Bounds
Railey Realty, Inc.
List Price
$1,399,000
Sold Price
$1,300,000
Premium/Discount to List
-$99,000
-7.08%
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,101
Avg. Annual Appreciation
10.71%
Purchase Details
Listed on
Sep 3, 2020
Closed on
Nov 30, 2020
Sold by
Austin Scott E
Bought by
Luther Christopher L and Luther Debra A
Seller's Agent
Betsy Spiker Holcomb
Taylor Made Deep Creek Vacations & Sales
Buyer's Agent
Susan Bell
Railey Realty, Inc.
List Price
$1,049,000
Sold Price
$975,000
Premium/Discount to List
-$74,000
-7.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$780,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2006
Sold by
Warden Ventures Llc
Bought by
Austin Scott E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 18, 2006
Sold by
Warden Ventures Llc
Bought by
Austin Scott E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 29, 2003
Sold by
Railey James L
Bought by
Warden Ventures Llc
Purchase Details
Closed on
Mar 26, 2003
Sold by
Niccoli Richard E
Bought by
Railey James L
Purchase Details
Closed on
Mar 28, 1996
Sold by
Niccoli Richard and Niccoli Betty E
Bought by
Niccoli Richard E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Milo Lakeshore Llc | $1,300,000 | Deep Creek Title | |
| Milo Lakeshore Llc | $1,300,000 | Deep Creek Title | |
| Luther Christopher L | $975,000 | Lake Title Llc | |
| Austin Scott E | $1,050,000 | -- | |
| Austin Scott E | $1,050,000 | -- | |
| Warden Ventures Llc | $460,000 | -- | |
| Railey James L | $425,000 | -- | |
| Niccoli Richard E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Luther Christopher L | $780,000 | |
| Previous Owner | Austin Scott E | $550,000 | |
| Previous Owner | Austin Scott E | $300,000 | |
| Previous Owner | Austin Scott E | $650,000 | |
| Previous Owner | Austin Scott E | $650,000 | |
| Previous Owner | Warden Ventures Llc | $357,000 | |
| Closed | Warden Ventures Llc | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2024 01/03/24 | Sold | $1,300,000 | -7.1% | $484 / Sq Ft |
| 11/19/2023 11/19/23 | Pending | -- | -- | -- |
| 11/11/2023 11/11/23 | For Sale | $1,399,000 | +43.5% | $520 / Sq Ft |
| 12/01/2020 12/01/20 | Sold | $975,000 | -7.1% | $363 / Sq Ft |
| 09/03/2020 09/03/20 | For Sale | $1,049,000 | -- | $390 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $16,030 | $1,250,400 | $0 | $0 |
| 2024 | $14,002 | $1,054,400 | $0 | $0 |
| 2023 | $11,485 | $858,400 | $299,200 | $559,200 |
| 2022 | $10,621 | $787,933 | $0 | $0 |
| 2021 | $9,743 | $717,467 | $0 | $0 |
| 2020 | $8,786 | $647,000 | $299,200 | $347,800 |
| 2019 | $8,747 | $644,133 | $0 | $0 |
| 2018 | $8,285 | $641,267 | $0 | $0 |
| 2017 | $7,829 | $638,400 | $0 | $0 |
| 2016 | -- | $638,400 | $0 | $0 |
| 2015 | -- | $638,400 | $0 | $0 |
| 2014 | -- | $707,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Bell
-
Russell Bounds
Buyer's Agent in 2024
Russell Bounds
Railey Realty, Inc.
(301) 501-1000
101 Total Sales
-
Betsy Spiker Holcomb
Seller's Agent in 2020
Betsy Spiker Holcomb
Taylor Made Deep Creek Vacations & Sales
(301) 616-5022
404 Total Sales
Map
Source: Bright MLS
MLS Number: MDGA2006192
APN: 18-022044
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