10 days on rocket

383 Penn Cove Rd, Oakland, MD, 21550

$1,599,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,080 SqFt
$769/SqFt
House

Location

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383 Penn Cove Rd, Oakland$1,599,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Front Entry, Detached Garage
Garage2 spaces
Year Built1986
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceStone
MLS #MDGA2008572
Lot Size1.11 Acres
StatusActive
(ACTIVE)

About 383 Penn Cove Rd

This lovely lakefront two-level ranch house is well-sited on a gently sloping 1.11 acre lot on a quiet cul-de-sac in the private Penn Cove community. The home offers beautiful views of the lake from nearly every room. With five spacious bedrooms (one of which is brand new) and a bonus room, there is ample space for accommodating family and guests. The kitchen and bathrooms have been recently updated. The main family room, featuring a stunning natural stone fireplace, is bathed in natural light from vaulted ceilings and skylights, and opens onto a deck that is an ideal spot for grilling and outside dining. The spaciousness of the lower-level means there is plenty of room for a tv viewing area, a pool table, exercise equipment, a laundry room, a utility room, and storage closets. This level also opens onto a spacious lower deck that is perfect for entertaining or relaxing in the hot tub. The lot has 157 feet of pristine shoreline, offering a private sanctuary for relaxation and recreation. A Class A dock with an extra wide sitting section is ideal for sunbathing, watching sunsets, or jumping off into the tranquil waters of Penn Cove. Penn Cove is a 24/7 minimum wake zone, ensuring calm waters for swimming, paddleboarding, and kayaking - all without the noise of speeding power boats and jet skis! Offering a large circular driveway, the property ensures easy boat maneuvering and ample guest parking. In addition, the property comes with a spacious detached garage that can accommodate two large boats, an upper shed for lawn maintenance equipment, and a lower shed for storing wakeboards, kayaks, tubes, and paddleboards. The large outdoor space also includes a tunnel slide and playground area for kids to enjoy. Despite its secluded setting, the home is conveniently located just minutes from restaurants, grocery/convenience stores, downtown Oakland, and Wisp Mountain. Call today to preview this gem and discover the perfect blend of lakeside fun, privacy, and convenience!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1986
  • Stories: 2
  • Living Area: 2,080 SqFt

Listing Office:

  • Office Name: Taylor Made Deep Creek Vacations & Sales
  • Office Phone: (301) 387-4700
  • Listing Agent: Elizabeth S Spiker Holcomb

Interior Features

Interior Information:

  • Appliances: Dryer, Refrigerator, Washer, Oven, Electric Range
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Carpet, Laminated
  • Interior: Dining Area, Entry Level Bedroom, Floor Plan - Open
  • Fireplace: Stone

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage - Front Entry, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 1.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Garrett Highway South to left on Sand Flat, left on Boy Scout road, right into Penn Cove, home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,599,000
  • Price Per SqFt: $769/SqFt

HOA Fees:

  • Amount: $50
  • Frequency: Annually

Tax Information:

  • Annual Amount: $7,594
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, MD.

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Oakland, MD

City

Med. Sold Price

$375K

Med. Price/SqFt

$213

Avg. Days On Market

78

# of Sold Homes

10

383 Penn Cove Rd vs Oakland

10 DAYS ON ROCKET

-68 Days

$1,599,000

+$1.2M More

$769/SqFt

+$556 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $556/SqFt more than other homes in Oakland, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDGA2008572

Listing Office:

  • Office Name: Taylor Made Deep Creek Vacations & Sales
  • Office Phone: (301) 387-4700
  • Listing Agent: Elizabeth S Spiker Holcomb

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 12, 2008Home Sold
$963,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,594$653,700
2020$7,583$650,200
2018$7,036$635,867
2017$6,918$625,033

History based on county public records data.

Payment Calculator

$8,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4326151
7
/10

  • Broad Ford Elementary School

  • 607 Harvey Winters Dr

  • 4.87 miles

  • Public District Grades PK-5

school-card-donut-4326152
5
/10

  • Yough Glades Elementary School

  • 70 Wolf Acres Dr

  • 6.40 miles

  • Public District Grades PK-5

school-card-donut-4326153
7
/10

  • Crellin Elementary School

  • 115 Kendall Dr

  • 9.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,750. The majority of Oakland, MD residents have income less than $35k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 383 Penn Cove Rd

What is the listing price of this property?

The listing price of 383 Penn Cove Rd property is $1,599,000.

What type of property is this?

The property 383 Penn Cove Rd is a house located in Oakland, Maryland, 21550.

Is this property for sale now?

Active Listing: 383 Penn Cove Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,594 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 12, 2008 for $963,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 383 Penn Cove Rd has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 383 Penn Cove Rd is 2,080 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 383 Penn Cove Rd is 1986.

Rocket Homes›Maryland›Garrett County›Oakland›21550›383 Penn Cove Rd

This home is located at 383 Penn Cove Rd in Oakland, MD and zip code 21550. This 2,080 square foot home, which was built in 1986, sits on a 1.11 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 07, 2024 and is currently priced at $1,599,000.

Over 0 listings were sold over their listed price in November 2024 in Oakland, MD. In the same period over 9 listings were sold below the listed price and 1 listings were sold for the listed price. Between October 2024 and November 2024, Oakland, MD real estate market has seen decrease in the number of listings by 5.8%. The median list price of listings available in November 2024 was $375,000, while the average time on the real estate market was 78 days.

From Rocket Homes Real Estate and based on county public records data.

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