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$320,000

Beds
2
Baths
1.5
sq ft
1,600

1359 Cedar Ln, Oakland, MD 21550

1359 Cedar Ln

OAKLAND, MD 21550

  • 50 days on market
    • Price drop $5,000↓
Embrace a lifestyle of comfort and adventure at this charming cabin located at 1359 Cedar Lane, Oakland, MD. With approximately 1,600 sq ft of recently remodeled space, this home features 2 bedrooms and 1.5 baths. The open concept design includes laminated hardwood flooring, an updated kitchen, and a spacious family room that invites relaxation and gathering. Unique amenities include an outdoor hot tub for relaxation after a day of adventure and fire pit for time with family and friends. Located in the Youghiogheny Mountain Resort and is perfect for outdoor enthusiasts. With close proximity to Deep Creek Lake and activities like hiking, skiing, and white-water rafting. Set in a gated community, with miles of ATV trails and access to two rivers. This property offers a peaceful retreat with ample opportunities for outdoor enjoyment. Experience the best of both worlds—your ideal vacation getaway and a cozy full-time residence! Agents, if possible and encouraged, please try to schedule showings during the weekdays. Home is usually occupied on weekends and will be harder to approve showing requests on the weekends. Thank you.

Details

Property type

Single Family Residence

Est. home value

$233,213

Lot size

0.47 acres

Price per sq ft

$200

Year built

1979

Annual property taxes

$1,588

Monthly HOA fee

$50

Price History

03/03/2025
Bright

Bright #MDGA2008730

Price change
$320,000
-1.54%
02/10/2025
Bright

Bright #MDGA2008730

Price change
$325,000
-2.99%
01/13/2025
Bright

Bright #MDGA2008730

Listed
$335,000
+63.41%

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

$104,261
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$190,139
Cash to seller
$104,261

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

March 2023

Original loan amount

$194,750

Est. remaining balance

$190,139

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Joseph C Tompkins

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: 03/04/2025 at 12:10 AM

Listing updated: 03/03/2025 at 7:24 AM

Listed by: Chris Murphy, Home Towne Real Estate Phone #: (410) 326-4100

MLS: Bright #MDGA2008730

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