NOT LISTED FOR SALE

88 Silver Tree Ln Oakland, MD 21550

Estimated Value: $1,739,090 - $1,866,000

8 Beds
5.5 Baths
4,162 Sq Ft
$430/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $1,255,000 $302 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,955/month

40 Days on Market

Highlights

  • 1 Dock Slip
  • Home fronts navigable water
  • Spa
  • Water Views
  • Canoe or Kayak Water Access
  • Fishing Allowed

About This Home

As of October 2020

Wow is the word that comes to mind when you enter this gorgeous home! This lakefront home is located in the beautiful Silver Tree Landings community. Offering EIGHT bedrooms, open floor plan, hardwood flooring and three levels of living space. The floor to ceiling stone fireplace, granite counters and large decks are just a few more impressive features of this home. The abundance of windows allow you to enjoy the outside from within from every level. The exterior space is just as pleasing, offering a cozy firepit, hot tub and two large decks. The only choice you and your friends and family have is which to enjoy first! You can also take just a few steps to enjoy your dock slip and the lakefront area. If location is important, this home is just minutes to the market, cinema, Wisp Resort, restaurants and grocery stores.

Last Agent to Sell the Property

Betsy Spiker Holcomb

(301) 387-4700 terah@deepcreeksales.com Taylor Made Deep Creek Real Estate License #518606 Listed on: 07/20/2020

Last Buyer's Agent

Rachel Bruch

(301) 387-2000 rachelb@railey.com Railey Realty, Inc. License #655450

Railey Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,536

Year Built

  • Built in 2003

Lot Details

  • 0.4 Acre Lot
  • Home fronts navigable water
  • Landscaped
  • Property is in excellent condition
  • Property is zoned LR

HOA Fees

  • $131 Monthly HOA Fees

Parking

  • Driveway

Property Views

  • Water
  • Mountain

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Stone Siding
  • HardiePlank Type

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Wood Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Fireplace With Glass Doors
  • Stone Fireplace
  • Wood Frame Window
  • Sliding Doors
  • Six Panel Doors
  • Family Room
  • Living Room
  • Dining Room
  • Game Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Exterior Basement Entry

Outdoor Features

  • Spa
  • Canoe or Kayak Water Access
  • Property is near a lake
  • Waterski or Wakeboard
  • Sail
  • Limited Hours Of Personal Watercraft Operation
  • Swimming Allowed
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Shared Waterfront
  • 1 Powered Boats Permitted
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 4
  • Assessor Parcel Number 1218071592

Community Details

Overview

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

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,536

Year Built

Built in 2003

Lot Details

0.4 Acres

HOA Fees

$131 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Hardwood, Ceramic Tile, Carpet, Laminated
  • Interior Amenities: Carpet, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Walk-In Closet(s), Wood Floors
  • Window Features: Wood Frame
  • Fireplace Features: Fireplace - Glass Doors, Stone
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Six Panel, Sliding Glass
  • Wall Ceiling Types: Cathedral Ceilings, Dry Wall, Wood Ceilings
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Family Room, Bedroom 1, Bedroom 6, Additional Bedroom
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished, Heated, Outside Entrance, Walkout Level
  • Laundry Type: Lower Floor
  • Total Sq Ft: 4237
  • Living Area Sq Ft: 4162
  • Price Per Sq Ft: 480.47
  • Above Grade Finished Sq Ft: 2662
  • Below Grade Finished Sq Ft: 1500
  • Below Grade Sq Ft: 75
  • Total Below Grade Sq Ft: 1575
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 4
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type, Stone
  • Exterior Features: Hot Tub
  • Roof: Asphalt
  • View: Water, Mountain
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Limited Hours Of Personal Watercraft Operation (PWC), Swimming Allowed, Sail, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Deep Creek Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1567.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Snow Removal
  • HOA Name: SILVER TREE LANDING
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 431400.00
  • Land Assessed Value: 377600.00
  • Lot Features: Landscaping
  • Lot Size Acres: 0.40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17260.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: LR
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 15667824
  • Tax Annual Amount: 9536.00
  • Assessor Parcel Number: 1218071592
  • Tax Lot: 4
  • Tax Page Number: 436
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Shared

MLS Schools

  • School District Name: GARRETT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Oct 15, 2020
Sold by
Krivan Jeffrey and Lindemuth Todd R
Bought by
Ath Llc
Seller's Agent
Betsy Spiker Holcomb
Taylor Made Deep Creek Real Estate
Buyer's Agent
Rachel Bruch
Railey Realty, Inc.
List Price
$1,279,000
Sold Price
$1,255,000
Premium/Discount to List
-$24,000
-1.88%
Current Estimated Value
$1,789,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$534,773
Avg. Annual Appreciation
6.77%
Original Mortgage
$1,004,000
Outstanding Balance
$893,004
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$896,769

Purchase Details

Listed on
Jul 19, 2016
Closed on
Mar 30, 2017
Sold by
Silver Tree Porperites Llc
Bought by
Krivan Jeffrey and Lindemuth Todd R
Seller's Agent
Melissa Goodfellow
Railey Realty, Inc.
Buyer's Agent
Jon Bell
Railey Realty, Inc.
List Price
$895,000
Sold Price
$780,000
Premium/Discount to List
-$115,000
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.34%
Original Mortgage
$702,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2003
Sold by
Allegheny Restoration & Bldrs Inc
Bought by
Silver Tree Properties Llc

Purchase Details

Closed on
Feb 5, 2002
Sold by
Dcl Properties Llc
Bought by
Allegheny Restoration & Bldrs Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ath Llc $1,255,000 Deep Creek Title Group
Krivan Jeffrey $780,000 None Available
Silver Tree Properties Llc $741,000 --
Allegheny Restoration & Bldrs Inc $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ath Llc $1,004,000
Previous Owner Krivan Jeffrey $702,000
Closed Allegheny Restoration & Bldrs Inc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2020 10/16/20 Sold $1,255,000 -1.9% $302 / Sq Ft
07/20/2020 07/20/20 For Sale $1,279,000 +64.0% $307 / Sq Ft
03/30/2017 03/30/17 Sold $780,000 -12.7% $190 / Sq Ft View Prior Sale
01/23/2017 01/23/17 Pending -- -- --
10/13/2016 10/13/16 Price Changed $893,000 -0.2% $217 / Sq Ft
07/19/2016 07/19/16 For Sale $895,000 -- $218 / 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 $18,140 $1,415,000 $433,800 $981,200
2024 $16,109 $1,213,000 $0 $0
2023 $13,527 $1,011,000 $0 $0
2022 $10,905 $809,000 $377,600 $431,400
2020 $10,751 $791,667 $0 $0
2019 $10,633 $783,000 $377,600 $405,400
2018 $10,116 $783,000 $377,600 $405,400
2017 $11,183 $783,000 $0 $0
2016 -- $790,100 $0 $0
2015 -- $790,100 $0 $0
2014 -- $790,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDGA133058

Bright MLS

APN: 18-071592

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