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$549,000

Beds
4
Baths
4.5
sq ft
2,582

38 Traders Ln, Oakland, MD 21550

38 Traders Ln

OAKLAND, MD 21550

  • 18 days on market
Discover your dream retreat in this immaculate 4-bedroom, 4.5-bathroom home, perfectly situated in the vibrant heart of Deep Creek Lake. This exceptional property combines luxury with convenience, offering a remarkable blend of comfort and potential income generation. Step into the open-concept main level, where a spacious living, dining, and kitchen area awaits. Ideal for entertaining, this space features seamless access to a massive deck that boasts breathtaking views of Deep Creek Lake—perfect for relaxing or hosting gatherings with family and friends. The beautiful deck ensuring the stunning vistas and fresh mountain air. The lower level is a haven for fun and relaxation, complete with a wet bar and pool table, making it an entertainer's paradise. This area provides an inviting space for guests to unwind after a day of activities, whether on the water or the slopes. Situated within walking distance to Traders Landing, you'll find a variety of shopping and dining options just steps away. For those with a passion for boating, the possibility of dock rental at Traders Landing adds an extra layer of convenience. And if winter sports are more your style, The Wisp Ski Resort is just a short drive away, offering a wealth of seasonal activities. This property is not only a luxurious private retreat but also an established, income-producing short-term rental, making it a smart investment opportunity. Experience the ultimate blend of relaxation and adventure in this beautiful home at Deep Creek Lake.

Details

Property type

Single Family Residence

Est. home value

$560,695

Lot size

2,178 sq ft

Price per sq ft

$213

Year built

2003

Annual property taxes

$4,220

HOA

No

Price History

09/16/2024
Bright

Bright #MDGA2008006

Price change
$549,000
+1.86%
08/29/2024
Bright

Bright #MDGA2008006

Listed
$539,000
+12.53%
04/20/2021
Bright

Bright #MDGA134198

Sold
$479,000

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

$150,366
Asking price
$549,000
Closing costs (~8% of asking)
-$43,920
Est. remaining loan balance
-$354,714
Cash to seller
$150,366

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

April 2021

Original loan amount

$383,200

Est. remaining balance

$354,714

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Matthew Smith and Lanell Smith

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: 09/16/2024 at 4:35 PM

Listing updated: 09/16/2024 at 8:56 AM

Listed by: Taylor Kiggins, Coldwell Banker Home Town Realty Phone #: (304) 788-3322

MLS: Bright #MDGA2008006

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