Off Market1679d on market

223 Penelacre Ln

Oakland, MD, 21550 • 21550 • Garrett County

$956,600

$638/sqft

3Beds

1Baths

1,500Sqft

0.43 acLot

1986Built

Property DNA

2 highlights

Waterfront Property

Direct water access

Water Views

Water

Market activity

Demand and pricing signals for this listing

1 views

People checking out this listing

1679 days on market

Established listing

$638/sqft

Price per square foot

About this home

Single Family · Built 1986

Fabulous, level lakefront complete with a sandy shoreline. This cozy and quaint cottage is situated on 107' of pristine lakefront on a private peninsula near the dam. Property affords fantastic lake views, with very little obstruction. This property will soon enjoy the benefits of public utilities via the Western Conveyance Project . Gradually sloping lake bed makes for easy walks into the water.

Estimated monthly payment

Based on current rates

$5,887/month

Principal & Interest$4,612

Property Tax$957

Insurance$319

Down payment20% ($191,320)

3%50%

Est. 6.05% rate · 30yr fixed · $765,280 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingleFamily

Year Built1986

HeatingBaseboard, Electric

CoolingCentral, Other

Parking4 Parking spaces

Lot0.43 Acres

Property

Home typeSingle Family

Year built1986

Systems

HeatingBaseboard, Electric

CoolingCentral, Other

RoofAsphalt

ConstructionFrame

Parking & Outdoor

ParkingCarport, Off-street, Garage

Lot0.43 Acres

Location & Tax

Neighborhood21550

Annual tax$7,836

Parcel18039850

Bathrooms & Fees

Full baths1

Features & details

7 categories of property features

Interior Features

Appliances

Dishwasher

Dryer

Garbage disposal

Microwave

Range / Oven

Refrigerator

Washer

Heating

Baseboard

Electric

Cooling

Central

Other

Exterior Features

Exterior

Vinyl

Parking

Carport

Off-street

Garage

Construction

Frame

Views

Water

Room details

2 rooms detailed

Breakfast Nook

Dining Room

Listing insights

Market data and value estimates

StatusOff Market

Days on market1679

Est. value$956,600

Est. rent$1,543/mo

Tax rate0.83%

Price/sqft$638

Last sold$800,000

Tour days6

How are the schools in Oakland?

3 schools rated nearby

Broad Ford Elementary School

Primary • Public • PK-5

6.9 mi

Southern Middle School

Middle • Public • 6-8

6.9 mi

Southern Garrett High School

High • Public • 9-12

7.8 mi

Location

Oakland, MD, 21550

Expand map

Price history

6 events

DateEventPrice$/sqftSource

Sep 1, 2021Sold$800,000$533Bright MLS

Jul 21, 2021Pending Sale$800,000$533Bright MLS

Oct 6, 2014Sold$470,000$313Public Record

Aug 28, 2014Pending Sale$499,900$333Long & Foster Real Estate

May 1, 2014Listed For Sale$499,900$333Long & Foster Real Estate

Jul 13, 2006Sold$642,000$428Public Record

Sold$800,000

Sep 1, 2021•$533/sqft•Bright MLS

Pending Sale$800,000

Jul 21, 2021•$533/sqft•Bright MLS

Sold$470,000

Oct 6, 2014•$313/sqft•Public Record

Pending Sale$499,900

Aug 28, 2014•$333/sqft•Long & Foster Real Estate

Listed For Sale$499,900

May 1, 2014•$333/sqft•Long & Foster Real Estate

Sold$642,000

Jul 13, 2006•$428/sqft•Public Record

Tax history

25 years of records

YearTax paidAssessed value

Apr 8, 2025$7,836$611,200

Apr 8, 2024$6,519$558,167

Apr 8, 2023$5,900$505,133

Apr 8, 2022$5,281$452,100

Apr 8, 2021$5,276$451,700

Apr 8, 2020$5,271$451,300

Apr 8, 2019$5,267$450,900

Apr 8, 2018$4,968$450,900

Apr 8, 2017$4,969$450,900

Apr 8, 2016—$453,400

Apr 8, 2015—$453,400

Apr 8, 2014—$453,400

Apr 8, 2013—$602,700

Apr 8, 2012—$602,700

Apr 8, 2011—$602,700

Apr 8, 2010—$605,400

Apr 8, 2009—$580,316

Apr 8, 2008—$555,233

Apr 8, 2007—$530,150

Apr 8, 2006—$451,706

Apr 8, 2005—$374,073

Apr 8, 2004—$296,440

Apr 8, 2003—$270,960

Apr 8, 2002—$245,480

Apr 8, 2001—$220,000

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Neighborhood details

Local context around this listing

Oakland, MD • Garrett County

Nearby cities

AccidentBartonBittingerFriendsvilleFrostburgGrantsvilleLonaconingMc Henry

Nearby zip codes

21541

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Value estimates

Live

Est. value$956,600

Est. rent$1,543/mo

30yr rate est.6.05%

Affordability$5,564/mo

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