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164 Penelacre Lane

164 Penelacre Lane, Oakland, MD 21550
Property in Garrett
Sold Nov 10, 2021
$1,150,000
$548,250 by Strong Home Mortgage, Llc
Mortgage Due Dec 01, 2051
Sold May 22, 1998
Transfer
Local assessors in Oakland, MD have categorized 164 Penelacre Lane as a residential type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 27,266 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 164 Penelacre Lane has a total of 3,024 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,008 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of composition shingle. The home's a space/suspended heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 164 Penelacre Lane sold most recently in Nov 5, 2021 for a total of $1,150,000. If you work out the math, that's approximately a cost of $570.44 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,099 in taxes each year. 164 Penelacre Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $680,033. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Conventional
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,008
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 27,266
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Space/suspended
  • Heated Square Feet: 3,024
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PENELACRES SUB
  • Land Acres: 0.626
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 27266 SQ FT W/89.26' LOT 17 PENELACRES SUB

Ownership

  • Current Owner : SHORES ELIZABETH
  • Current Owner 2: SHORES HAROLD
  • Previous Owner : POWELL-WIRICK FAMILY IRREVOCABLE DEEP CR
  • Owner Before Previous Owner: POWELL ALICE L

Neighborhood

  • School District Name: Garrett County Public Schools
  • Census Tract: 000502

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 57 5 478
  • Account Number: 039974
  • District: 18
  • Parcel: 18-039974
  • Lot: 17
  • Latitude: 39.5167
  • Longitude: -79.373

    Address

  • Full Address: 164 Penelacre Ln
  • Address - House Number: 164
  • Address - Street Name: Penelacre
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Oakland
  • Carrier Code: R008
  • 4-Digit Zip Code: 7639
  • Zip Code: 21550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,099

    Appraisal Valuation

  • Standard Deviation: 0.2688
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 61
  • Final Value: 1,246,211
  • High Value: 1,581,194
  • Low Value: 911,228

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $548,250
  • First Open Lien Mortgage Lender: STRONG HOME MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Nov 10, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $864,900
  • Market Land Value: $373,000
  • Market Improvement Value: $491,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $680,033

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Transaction ID: 11866112722
  • Current Sale Price: $1,150,000
  • Current Sale Document Type: Fiduciary Deed
  • Previous Sale Recording Date: May 22, 1998
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STRONG HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 10, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About Garrett



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Frequently Asked Questions

What neighborhood is 164 Penelacre Lane located in?
The 164 Penelacre Lane is a located in the neighborhood of Garrett in Garrett, Oakland.
What is the average sales price for listings in 164 Penelacre Lane?
The average sales price for units in 164 Penelacre Lane is $0 currently.

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