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$1,249,000

Beds
5
Baths
3.0
sq ft
3,162

343 Lake Forest Dr, Oakland, MD 21550

343 Lake Forest Dr

OAKLAND, MD 21550

  • 5 days on market
Discover lakeside living at its finest in this beautifully updated 5 bedroom 3 bathroom Lake Forest Estates home with lake access and dock slip. Located in a highly sought-after community, this home offers a perfect blend of elegance and comfort. The remodeled kitchen features stunning granite countertops, a spacious island ideal for gathering, and modern appliances, while the luxurious bathroom boasts a soaking tub, tiled shower, and spa-like ambiance. With cathedral ceilings, three levels of living space, and two cozy wood-burning fireplaces, the home feels spacious and inviting. Step outside to an expansive wrap-around front deck, offering privacy and lake views from every angle. Unwind in the hot tub or take advantage of your nearby dock slip, just a short stroll away, for endless water adventures. Whether you're seeking a permanent residence or the perfect getaway / vacation rental, this home has it all—don't miss the chance to make it yours!

Details

Property type

Single Family Residence

Est. home value

$896,337

Lot size

2.03 acres

Price per sq ft

$396

Year built

2001

Annual property taxes

$8,067

Monthly HOA fee

$100

Price History

11/14/2024
Bright

Bright #MDGA2008502

Listed
$1,249,000
+133.24%
09/20/2019
Bright

Bright #MDGA131162

Sold
$535,500

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

$770,938
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$378,142
Cash to seller
$770,938

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

September 2019

Original loan amount

$421,500

Est. remaining balance

$378,142

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Charles Walter Boyle and Sarah Grace Boyle

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: 11/19/2024 at 6:30 AM

Listing updated: 11/14/2024 at 9:14 AM

Listed by: Justin D Liller, Railey Realty, Inc. Phone #: (301) 387-2000

MLS: Bright #MDGA2008502

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