NOT LISTED FOR SALE

87 Edgewood Dr Oakland, MD 21550

Oakland Area
15 Beds
5 Baths
4,840 Sq Ft
3 Acre Lot

Sale Details

Date Sold: June 20, 2022

Last sale price $300,000 $62 Per Sq Ft

316 Days on Market

About This Home

As of June 2022

INVESTOR ALERT!! This is a 5 unit apartment building that is bringing in roughly $39,000 per year in gross revenue! There are 5 apartments rented at $650/month. Each unit has 3 bedrooms, 1 full bathroom, a kitchen, and living space. Ample parking & common areas. Currently being managed by Property Management Services. Call today for more details & to schedule a showings!

Last Agent to Sell the Property

Nina Beitzel

(301) 387-2000 nbeitzel@railey.com Railey Realty, Inc. Listed on: 06/18/2021

Railey Realty, Inc.

Last Buyer's Agent

Karen Myers

(301) 387-4700 terah@deepcreeksales.com Taylor-Made Deep Creek Real Estate, LLC

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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,296

Year Built

  • Built in 1920

Lot Details

  • 3 Acre Lot
  • Property is in average condition

Parking

  • Parking Lot

Home Design

  • Stucco

Interior Spaces

  • 4,840 Sq Ft Home
  • Property has 3 Levels
  • Basement

Bedrooms and Bathrooms

  • 15 Main Level Bedrooms
  • 5 Full Bathrooms

Utilities

  • Electric Baseboard Heater
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1210005612

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,296

Year Built

Built in 1920

Lot Details

3 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 3
  • Basement: Yes
  • Total Sq Ft: 4840
  • Living Area Sq Ft: 4840
  • Price Per Sq Ft: 70.04
  • Above Grade Finished Sq Ft: 4840
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 15
  • Main Level Bedrooms: 15
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 5

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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 Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 139200.00
  • Land Assessed Value: 30000.00
  • Lot Size Acres: 3.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 130680.00
  • Property Condition: Average
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15650452
  • Tax Annual Amount: 2296.00
  • Assessor Parcel Number: 1210005612
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Jun 22, 2022
Sold by
Bought by
Seller's Agent
Nina Beitzel
Railey Realty, Inc.
Buyer's Agent
Karen Myers
Taylor-Made Deep Creek Real Estate, LLC
List Price
$379,000
Sold Price
$300,000
Premium/Discount to List
-$79,000
-20.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$225,332
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 12, 2019
Closed on
Feb 7, 2020
Sold by
Bought by
Seller's Agent
Jon Bell
Railey Realty, Inc.
Buyer's Agent
Nina Beitzel
Railey Realty, Inc.
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.54%
Original Mortgage
$131,250
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.48%
Mortgage Type
Construction
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$300,000 None Listed On Document
$175,000 Deep Creek Title Group
$30,001 Deep Creek Title Group Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $240,000
Previous Owner $131,250
Previous Owner $105,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2022 06/20/22 Sold $300,000 -11.5% $62 / Sq Ft
03/10/2022 03/10/22 Price Changed $339,000 -10.6% $70 / Sq Ft
06/18/2021 06/18/21 For Sale $379,000 +116.6% $78 / Sq Ft
02/07/2020 02/07/20 Sold $175,000 -12.5% $36 / Sq Ft View Prior Sale
12/03/2019 12/03/19 Pending -- -- --
11/12/2019 11/12/19 For Sale $199,900 -- $41 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,720 $285,700 $30,000 $255,700
2025 $4,152 $246,867 $0 $0
2024 $3,574 $208,033 $0 $0
2023 $2,924 $169,200 $30,000 $139,200
2022 $2,878 $162,800 $0 $0
2020 $2,652 $150,000 $30,000 $120,000
2019 $2,646 $149,633 $0 $0
2018 $2,540 $149,267 $0 $0
2017 $2,476 $148,900 $0 $0
2016 -- $146,133 $0 $0
2015 -- $143,367 $0 $0
2014 -- $140,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA2000084

Bright MLS
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