See Home Value
Garrett 21550
506 CEDAR LANE
$285,000
● House - Off Market

506 CEDAR LANE

OAKLAND, MD 21550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$1,592
Est. Monthly
$50
HOA / Fees
7.17%
Cap Rate

About This Property

Tucked away on 1.42 acres across three wooded lots, this recently remodeled 3-bedroom, 2-bath home offers the perfect blend of comfort, character, and privacy. Step onto the expansive front deck, where mornings are made for sipping coffee and soaking in the peaceful surroundings. Inside, you'll find beautiful bamboo floors flowing through the open living, kitchen, and dining spaces-ideal for cozy nights in or hosting friends. A warm wood stove adds extra charm and comfort, creating the perfect spot to gather on chilly mountain evenings. The main-level primary suite features soft new carpet, a rustic barn wood door, and direct access to the back porch. Just beyond, the hot tub sits privately, offering a relaxing retreat under the stars. Upstairs, two additional bedrooms and a full bath provide space for family and guests-one even has its own private balcony, perfect for a quiet escape. This home is sold furnished, with the exception of the master bed and dining table, making it easy to move right in. The brand-new 24x32 detached garage offers tons of storage space and room for your vehicles, toys, or workshop. With plenty of parking and a serene mountain setting, this is a true getaway. Located within the gated recreation community of Yough Mountain Resort, you'll have access to over 50 miles of ATV, snowmobile, and hiking trails, as well as river access, fishing, and hunting opportunities. For those seeking even more adventure, Deep Creek Lake, the town of Oakland, Swallow Falls, and Herrington Manor State Park are just minutes away, offering endless possibilities. Call today!
Unit Size
1,344 Ft²
Days on Market
30 days
Land Size
1.42 acres
Price per sqft
$215
Property Type
House
Property Taxes
$123
HOA Dues
$50
Year Built
1979

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Last updated: 2 years ago (Bright MLS #MDGA2009556)

Price History

Date / Event Date Event Price
Jul 3, 2025 Sold
Sold
Jun 4, 2025 In contract -
In contract
May 18, 2025 Listed by Taylor Made Deep Creek Vacations & Sales $289,000
Listed by Taylor Made Deep Creek Vacations & Sales
Oct 6, 2021 No longer available -
No longer available
Oct 1, 2020 Sold
Sold
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Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORP SUB
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: 0.48 AC LOT 30 SECT 4 BLK B PINEY MT CORP SUB

Neighborhood

  • School District Name: Garrett County Public Schools
  • Census Tract: 000602

Geography

  • Assessors Map Reference: 48 24 70
  • Account Number: 014674
  • District: 06
  • Parcel: 06-014674
  • Block: B
  • Lot: 30
  • Latitude: 39.5323
  • Longitude: -79.4299

    Address

  • Full Address: 506 Cedar Ln
  • Address - House Number: 506
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Oakland
  • Carrier Code: R005
  • 4-Digit Zip Code: 7893
  • Zip Code: 21550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $128,327

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 70
  • Final Value: 148,509
  • High Value: 170,657
  • Low Value: 126,360

    Market Valuation

  • Market Total Value: $107,300
  • Market Land Value: $11,500
  • Market Improvement Value: $95,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,300
  • Assessed Land Value: $11,500
  • Assessed Improvements Value: $95,800

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 18, 2010
  • Previous Sale Contract Date: Mar 03, 2010
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 506 Cedar Lane built and last sold?
The property at 506 Cedar Lane was built in 1979 and last sold on Sep 25, 2020 for $110,500.
How much is this home worth?
The estimated value of the home located at 506 Cedar Lane is $288,478.
What are some comparable homes to 506 Cedar Lane?
There are currently no comparable homes to 506 Cedar Lane.