tomo logo

$324,900

Beds
3
Baths
2.0
sq ft
1,389

473 Cumberland Rd, Oakland, MD 21550

473 Cumberland Rd

OAKLAND, MD 21550

  • 2 days on market
Nestled on a tranquil wooded hillside overlooking Deep Creek Lake, this charming home offers an exceptional opportunity for a private rural retreat while remaining close to the area’s best attractions. With delightful birdhouse accents, this cozy abode feels like your very own secluded nest. The recently updated kitchen is a culinary delight, making meal prep a breeze, while the newly renovated basement has been transformed into a spacious family room—perfect for movie nights, games, or simply relaxing. The living room, complete with a warm gas fireplace, is the ideal setting to unwind, with large windows framing picturesque views—perfect for enjoying a good book or your favorite TV show. <br><br> This property isn’t just a house; it’s a home filled with potential, ready to create cherished memories. Located just minutes from Wisp Resort, Deep Creek Lake State Park, Swallow Falls State Park, and Herrington Manor State Park, it offers endless outdoor activities. For dining, entertainment, and leisure, local eateries and a nearby movie theater are just a short drive away. <br><br> Significant updates have been made throughout the home, ensuring comfort and convenience. The basement boasts a fully renovated space with a separate laundry room adorned with stylish barn doors. Premium vinyl plank flooring, fresh paint, and a new slate tile pad for the pellet stove complete the modern updates. The water system has been upgraded with a new 800+ foot well, complete with a new pump and pressure tank. New fire safety casement windows have been installed in the main bedrooms for added peace of mind. The home is being sold fully furnished, and it comes with an active Temporary Vacation Rental Unit (TVRU) permit—perfect for those looking for immediate rental potential. <br><br> For year-round comfort, the property offers two additional heat sources in addition to the heat pump: a propane fireplace and wall heater in the basement, plus a pellet stove capable of heating the entire house. Whether you’re escaping for a weekend retreat or considering this home as a potential rental investment, it is ready to provide comfort, relaxation, and ample opportunities for adventure. <br><br> We encourage prospective buyers to rent the property for a weekend getaway to truly appreciate its tranquility and potential. Serious buyers are welcome to contact the Agent to arrange a private showing. <br><br> This property is an exceptional find, offering both personal enjoyment and profitable rental potential. We look forward to helping you explore this stunning home.

Details

Property type

Single Family Residence

Est. home value

$384,913

Lot size

0.46 acres

Price per sq ft

$234

Year built

1989

Annual property taxes

$2,273

HOA

No

Price History

03/14/2025
Bright

Bright #MDGA2009074

Listed
$324,900
-7.14%
12/18/2024
Bright

Bright #MDGA2007206

Removed
$349,900
07/05/2024
Bright

Bright #MDGA2007206

Price change
$349,900
-6.67%

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

$121,402
Asking price
$324,900
Closing costs (~8% of asking)
-$25,992
Est. remaining loan balance
-$177,506
Cash to seller
$121,402

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

$177,506

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: 03/17/2025 at 7:35 AM

Listing updated: 03/14/2025 at 9:44 AM

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

MLS: Bright #MDGA2009074

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