tomo logo

$1,250,000

Beds
6
Baths
4.0
sq ft
2,536

340 Grandview Dr, Oakland, MD 21550

340 Grandview Dr

OAKLAND, MD 21550

  • Coming soon
Stunning Mountaintop Retreat with stunning Lake Views in Mountainside Escape to your dream home with breathtaking views of Deep Creek Lake! This beautiful mountaintop property spans two acres and features six spacious bedrooms, perfect for family gatherings or entertaining friends. Enjoy an open floorplan complemented by two cozy propane fireplaces and elegant granite countertops throughout. With three levels of living space, there's ample room for everyone to relax and unwind. The abundance of windows invites natural light and showcases the stunning outdoor scenery. Step outside onto the large decks to soak in the gorgeous mountain and water views or unwind in the hot tub. Additional features include a two-car attached garage, ideal for storing all your recreational gear, and Class A lake access for your enjoyment. This established rental, "Viva Vista," has demonstrated strong income potential, averaging $80K a year in 2022 and 2023, with $40K already booked for 2024. Recent home inspections have been completed, and the property is currently undergoing a facelift to ensure it's ready for holiday rentals by mid-November. Call today to preview this incredible property and experience lakeside living at its finest!

Details

Property type

Single Family Residence

Est. home value

$1,039,506

Lot size

2.0 acres

Price per sq ft

$493

Year built

2003

Annual property taxes

$8,681

Monthly HOA fee

$100

Price History

09/20/2024
Bright

Bright #MDGA2007246

Removed
$1,150,000
07/17/2024
Bright

Bright #MDGA2007246

Price change
$1,150,000
-9.09%
05/22/2024
Bright

Bright #MDGA2007246

Listed
$1,265,000
+29.08%

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

$463,348
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$686,652
Cash to seller
$463,348

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

Seller’s Loan History

Lender

First Washington Mortgage

Loan start date

October 2021

Original loan amount

$735,000

Est. remaining balance

$686,652

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Julie C Lopez

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: Coming Soon

Tomo last checked: 11/04/2024 at 5:15 PM

Listing updated: 10/30/2024 at 12:24 PM

Listed by: Michael Cumerlato, Jason Mitchell Group Phone #: (410) 533-5486

MLS: Bright #MDGA2008438

Bright logo

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