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$349,900

Beds
3
Baths
2.0
sq ft
1,400

473 Cumberland Rd, Oakland, MD 21550

473 Cumberland Rd

OAKLAND, MD 21550

  • 186 days on market
    • Price drop $25,000↓
    • Open house Nov 17
Nestled on a serene wooded hillside above Deep Creek Lake, this cozy home offers the perfect rural retreat without sacrificing proximity to the area's best attractions. With its charming birdhouse accents, this house gives you the feeling of being nestled in your own private nest. The recently updated kitchen is a delight, ensuring meal preparation is a breeze, while the newly renovated basement has been transformed into a spacious family room, ideal for movies, games, and relaxation. A warm gas fireplace sets the mood in the living room, where large windows frame picturesque views, perfect for enjoying with a book or your favorite TV show. This property isn’t just a house; it’s a home ready to create memories in. Conveniently located just a few miles from Wisp Resort, Deep Creek Lake State Park, Swallow Falls State Park, and Herrington Manor State Park, it offers endless outdoor activities. Local dining and a movie theater add to the appeal, ensuring entertainment is always close at hand. The home comes with significant updates and conveniences: a fully renovated basement featuring a separate laundry room with stylish barn doors, premium vinyl plank flooring, fresh paint, and a new slate tile pad for the pellet stove. The water system has been upgraded with a new 800+ foot well, complete with a new pump and pressure tank. For safety, new fire safety casement windows have been installed in the main bedrooms. Additionally, the property is being sold furnished and is ready to rent with a current Temporary Vacation Rental Unit (TVRU) permit, allowing for immediate rental opportunities. It also boasts two additional backup heat sources beyond the standard heat pump: a propane fireplace and wall heater in the basement, and a pellet stove capable of heating the entire house, ensuring comfort no matter the season. This home is an exceptional find, a cozy getaway that you won’t soon forget, ready for both personal enjoyment and as a potential rental property.

Details

Property type

Single Family Residence

Est. home value

$384,913

Lot size

0.46 acres

Price per sq ft

$250

Year built

1989

Annual property taxes

$2,273

HOA

No

Price History

07/05/2024
Bright

Bright #MDGA2007206

Price change
$349,900
-6.67%
05/15/2024
Bright

Bright #MDGA2007206

Listed
$374,900
+56.21%
10/15/2021
BrightMLS

BrightMLS #MDGA2000672

Sold
$240,000

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

$142,557
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$179,351
Cash to seller
$142,557

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

Seller’s Loan History

Lender

Sandy Spring Bank

Loan start date

October 2021

Original loan amount

$192,000

Est. remaining balance

$179,351

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Nicholas J Albano and Shereen Naylor

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: 11/08/2024 at 9:15 AM

Listing updated: 10/30/2024 at 10:14 AM

Listed by: Jeremy Michael McDonough, Mr. Lister Realty Phone #: (410) 486-4504

MLS: Bright #MDGA2007206

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