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$997,900

Beds
2
Baths
3.5
sq ft
2,106

145 Lower Penn Point Dr, Oakland, MD 21550

145 Lower Penn Point Dr

OAKLAND, MD 21550

  • 73 days on market
    • Price drop $102,100↓
**SPLIT LAKE FRONT** WITH TYPE A DOCK**Discover this stunning chalet-style home located in the coveted Penn Point subdivision at Deep Creek Lake. Luxury vinyl plank flooring through out, fresh paint, all new decking and railings, new pine tongue and groove through-out giving a warm lodge feel. The main floor is open concept, living, dining, kitchen and half bath, the upper level presents 2 bedroom, 2 bath with laundry, and two balconies to take in the lake views. The lower level features a huge bonus room, with a private bath, this flex space is set up with a desk area, living area and sleeping quarters, with double french doors to enjoy your lake view. The main level features a cozy stone gas fireplace, creating the warm and inviting atmosphere you expect from a lakeside retreat. Natural light pours through expansive windows (all Andersen Windows), showcasing the surrounding scenery and bringing the outdoors in. The open-concept kitchen boasts stainless appliances, granite countertops, and a generous island—ideal for entertaining. Outdoors, enjoy the large deck, hot tub and fire pit area—perfect for relaxing. This home offers a lake front area and includes a private Type A dock, just steps down the private road to enjoy boating, fishing, and swimming. Whether you’re seeking a full-time residence or second home, this gem captures the essence of lake living at Deep Creek Lake. Nestled in the serene Penn Point community, you’ll love the peaceful surroundings while being just minutes away from local dining, shopping, and outdoor adventures. ADDITIONAL LOT INCLUDED --tan and red 1 car pole building (built by C&N Metals) perfect to house your lake toys, golf cart or side by side.

Details

Property type

Single Family Residence

Est. home value

$656,592

Lot size

0.27 acres

Price per sq ft

$474

Year built

2007

Annual property taxes

$4,559

Monthly HOA fee

$10.42

Price History

02/06/2025
Bright

Bright #MDGA2008610

Price change
$997,900
-9.28%
12/30/2024
Bright

Bright #MDGA2008610

Listed
$1,100,000
+57.14%
09/27/2021
Bright

Bright #MDGA2000810

Sold
$700,000
+75%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

SOUTHERN GARRETT HIGH

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

$411,843
Asking price
$997,900
Closing costs (~8% of asking)
-$79,832
Est. remaining loan balance
-$506,225
Cash to seller
$411,843

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

September 2021

Original loan amount

$548,250

Est. remaining balance

$506,225

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Emillie H Albrecht and James Albrecht

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 12:25 AM

Listing updated: 02/06/2025 at 1:34 PM

Listed by: Emillie Albrecht, Real Broker, LLC Phone #: (855) 450-0442

MLS: Bright #MDGA2008610

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