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$675,000

Beds
3
Baths
2.0
sq ft
2,446

1118 Lake Shore Dr, Oakland, MD 21550

1118 Lake Shore Dr

OAKLAND, MD 21550

  • 1 day on market
Escape to Serenity: Your Dream Log Home Awaits! Nestled in the heart of a picturesque lake and mountain area, this charming log home offers the perfect blend of rustic charm and modern touches. With cathedral wood ceilings and a cozy gas fireplace, the spacious living area invites you to relax and soak in the warmth and beauty of your surroundings. The living area steps out to a large covered porch and the kitchen area is off of a second large deck with a hot tub and an area for outside dining. The loft primary bedroom and bath are a wonderful retreat with a balcony for morning coffee with a space for an at home office. Spacious main level bedroom with two closets and a sliding door leading to the covered porch. A second main level bedroom and a full bath complete the picture. The lower level has a family room for movies and a cozy electric stove. Large utility room 2 closets. An attached one car garage is off of the utility room that could be easily finished. Located on a beautiful, large, private lot with a wonderful fire pit for smores and storytelling. A large barn style storage shed is also included. Close to all the activities that Deep Creek Lake and Wisp Ski Area have to offer! Whether you're looking for a year-around retreat or a vacation getaway, this property provides the peace and seclusion you've been dreaming of. Call today for your exclusive viewing!

Details

Property type

Single Family Residence

Est. home value

$646,033

Lot size

1.33 acres

Price per sq ft

$276

Year built

1994

Annual property taxes

$5,167

HOA

No

Price History

12/21/2024
Bright

Bright #MDGA2008542

Listed
$675,000
+6.3%
04/21/2023
Bright

Bright #MDGA2004580

Sold
$635,000
+39.56%
09/03/2021
Bright

Bright #MDGA2000356

Sold
$455,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

GARRETT COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$390,475
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$230,525
Cash to seller
$390,475

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Millennium Financial Group Inc

Loan start date

April 2023

Original loan amount

$235,000

Est. remaining balance

$230,525

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Christopher A Langer and Patricia A Langer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:15 AM

Listing updated: 12/21/2024 at 4:34 PM

Listed by: Susan R Bell, Railey Realty, Inc. Phone #: (301) 387-2000

MLS: Bright #MDGA2008542

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