tomo logo

$1,575,000

Beds
5
Baths
4.0
sq ft
2,688

478 Lake Forest Dr, Oakland, MD 21550

478 Lake Forest Dr

OAKLAND, MD 21550

  • Pending
Discover tranquility in this unique log home nestled on a beautiful lakefront lot. With five unique bedrooms and four luxurious baths, this charming retreat offers the perfect blend of rustic elegance and modern comfort. Imagine mornings by the water and evenings by the fireplace, all within your own secluded paradise. Charming touches throughout, with a vaulted ceiling living area and a stone gas fireplace. Charming wood and log ceilings throughout the main level. The kitchen is a delight with a large pantry off of it. The dining area has room for all and steps out to a deck for outside dining. The perfectly private and spacious primary bedroom is an oasis, with a private balcony. It has a beautifully appointed, recently added bath with a wonderful tiled shower and double sink. There is a second perfectly appointed recent bath addition on the upper level that also has a double sink and tiled shower. A cathedral bunk room and laundry completes the upstairs picture. Main level bedroom and charming bath, with a lower level family room, 2 bedrooms and a bath. Room for all your family and friends! Just steps to your hot tub. At the water's edge there is a landscaped fire pit and a private Type A dock. If the electricity goes out in one of our beautiful winter storms, no problem, as the home has a generator! Don't miss your chance to own this exquisite piece of lakefront living!

Details

Property type

Single Family Residence

Est. home value

$1,500,885

Lot size

0.48 acres

Price per sq ft

$586

Year built

1996

Annual property taxes

$10,540

HOA

No

Price History

09/12/2024
Bright

Bright #MDGA2007740

Pending
$1,575,000
07/25/2024
Bright

Bright #MDGA2007740

Listed
$1,575,000
+21.15%
04/20/2022
Bright

Bright #MDGA2002198

Sold
$1,300,000
+18.72%

Schools & Community

Elementary school: 

BROADFORD

Middle school: 

SOUTHERN MIDDLE

High school: 

SOUTHERN GARRETT HIGH

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

$517,486
Asking price
$1,575,000
Closing costs (~8% of asking)
-$126,000
Est. remaining loan balance
-$931,514
Cash to seller
$517,486

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

Seller’s Loan History

Lender

Pentagon Fcu

Loan start date

April 2022

Original loan amount

$975,000

Est. remaining balance

$931,514

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Stephen J Jarosinski and Andrea N Jarosinski

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: Pending/Under Contract

Tomo last checked: 09/16/2024 at 4:40 PM

Listing updated: 09/11/2024 at 9:16 PM

Listed by: Susan R Bell, Railey Realty, Inc. Phone #: (301) 387-2000

MLS: Bright #MDGA2007740

Bright logo

Recently listed in OAKLAND