tomo logo

$819,000

Beds
5
Baths
4.0
sq ft
2,364

25 Silver Tree Ln, Oakland, MD 21550

25 Silver Tree Ln

OAKLAND, MD 21550

  • 343 days on market
    • Price drop $20,000↓
Beautiful lake access retreat located in the Silver Tree Landings community. This recently updated contemporary home feels warm and inviting from the moment you walk in (upgrade list available). Offering hardwood flooring, granite countertops, two stone propane fireplaces and cathedral ceilings. The abundance of windows allows the natural light to brighten any season, while offering views from almost every room. The covered and uncovered decks offer plenty of outdoor space to enjoy with family and friends during any season. If all this isn't enough, take a short walk down to the lake access area, where you can enjoy the lake and everything it offers. The location checks off one more box, just steps to Dutch's Restaurant & Harbor Bar, and minutes to Wisp Ski Resort. Call today to preview this gorgeous home!

Details

Property type

Single Family Residence

Est. home value

$849,288

Lot size

0.23 acres

Price per sq ft

$347

Year built

2004

Annual property taxes

$6,099

Monthly HOA fee

$100

Price History

10/12/2023
Bright

Bright #MDGA2006048

Listed
$819,000
+9.2%
07/14/2022
Bright

Bright #MDGA2002896

Sold
$749,999
+78.57%
07/11/2016
Bright

Bright #1003247776

Sold
$420,000

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

$209,179
Asking price
$819,000
Closing costs (~8% of asking)
-$65,520
Est. remaining loan balance
-$544,301
Cash to seller
$209,179

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

July 2022

Original loan amount

$562,499

Est. remaining balance

$544,301

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Michael Dipaolo and Stephanie Dipaolo

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: 09/18/2024 at 9:45 PM

Listing updated: 08/23/2024 at 1:43 AM

Listed by: Elizabeth S Spiker Holcomb, Taylor Made Deep Creek Vacations & Sales Phone #: (301) 387-4700

MLS: Bright #MDGA2006048

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