412 Tanglewood Drive

    OAKLAND, MD 21550
    • $360,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: MDGA128722
    UPDATED: 74 min ago
    $360,000
    • 3
      BEDS
    • 2
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    • 2,112
      SQFT
    • $170
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2006
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Highest quality cabin perched in a forested setting. Quality at every turn offers; Granite Counter tops, custom cabinetry, Hardwood Floors throughout, 22' Native Stone Fireplace, Vaulted ceilings lovingly finished in Tongue & Groove by a true wood craftsman. Main level Bedroom provides a private bath with Jacuzzi tub and 2 upstairs bedrooms with 2 full bathrooms. Full, partially finished walkout basement waiting for your finishing touches. Attached 500 s.f. garage & paved driveway completes the home. Well established Vacation Rental income to help with costs if desired. To a buyer, please review a note from the homeowner to a buyer prospect (We only share this client info, we do not offer tax advice)...."As an owner and client of your rental services over the last 13 years, I am glad to comment on the tax shelter potential of owning a property that is not rented full time during the year. This includes looking at the impact of the Trump tax cuts. First of all if you rent a unit full time for the whole year, you do NOT have significant tax shelter potential. If you rent your property in part time segments and use the property for personal purposes 8 to 11 times a year, you have a great tax shelter potential write off. This allows the owner to declare all property expenses including real estate taxes, management fees, utilities and maintenance costs plus every time you breathe on the property and there are costs. In addition, you can claim depreciation. You fill in the Schedule E at tax time. The resulting loss is recorded on your federal return and reduces your adjusted gross income. Over the years I have averaged write offs of $16,000 to $20,000 per year. The Trump tax cuts do NOT affect this process.SincerelyTerry M."

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. 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. Data last updated: 2019-05-21T13:58:39.17.
    www.licatagroup.com/homes/92051495

    412 Tanglewood Drive OAKLAND, MD 21550

    • Price: $360,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: MDGA128722
    3
    Beds
    3
    Baths
    1
    ½ Baths
    2
    Acres
    2,112
    SQFT
    $170
    $/SQFT
    2006
    Built
    Neighborhood:
    Tanglewood
    County:
    Garrett
    Elementary School:
    Crellin
    Middle School:
    Southern Middle
    High School:
    Southern Garrett High
    School District:
    Garrett County Public Schools
    Property Description
    Highest quality cabin perched in a forested setting. Quality at every turn offers; Granite Counter tops, custom cabinetry, Hardwood Floors throughout, 22' Native Stone Fireplace, Vaulted ceilings lovingly finished in Tongue & Groove by a true wood craftsman. Main level Bedroom provides a private bath with Jacuzzi tub and 2 upstairs bedrooms with 2 full bathrooms. Full, partially finished walkout basement waiting for your finishing touches. Attached 500 s.f. garage & paved driveway completes the home. Well established Vacation Rental income to help with costs if desired. To a buyer, please review a note from the homeowner to a buyer prospect (We only share this client info, we do not offer tax advice)...."As an owner and client of your rental services over the last 13 years, I am glad to comment on the tax shelter potential of owning a property that is not rented full time during the year. This includes looking at the impact of the Trump tax cuts. First of all if you rent a unit full time for the whole year, you do NOT have significant tax shelter potential. If you rent your property in part time segments and use the property for personal purposes 8 to 11 times a year, you have a great tax shelter potential write off. This allows the owner to declare all property expenses including real estate taxes, management fees, utilities and maintenance costs plus every time you breathe on the property and there are costs. In addition, you can claim depreciation. You fill in the Schedule E at tax time. The resulting loss is recorded on your federal return and reduces your adjusted gross income. Over the years I have averaged write offs of $16,000 to $20,000 per year. The Trump tax cuts do NOT affect this process.SincerelyTerry M."
    Exterior Features

    Architectural Style Cabin/Lodge Construction Materials Log Direction Faces East Garage Spaces 2.00 Garage Type Additional Storage AreaGarage - Side EntryGarage Door OpenerInside AccessOversized Garage YN Yes Location Type Mountain Lot Features Backs To TreesMountainousSlopingTrees/Wooded Other Structures Above GradeBelow Grade Parking Types DrivewayAttached GarageOff Street Patio And Porch Features Deck(S) Pool No Pool Property Condition Shows Well Riparian Rights YN No Road Responsibility Road Maintenance Agreement Road Surface Type Black Top Roof Metal View Trees/Woods Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2112 Appliances Built-In MicrowaveCooktopDishwasherOven - Self CleaningRefrigerator Basement OtherPartially FinishedSide EntranceSpace For RoomsWalkout LevelOutside EntranceHeatedConnecting Stairway Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace Features Gas/Propane Fireplace YN Yes Fireplaces Total 1 Flooring CarpetHardwoodCeramic Tile Furnished Partially Heating CentralForced Air Heating YN Yes Inclusions Furniture Negotiable Interior Features CarpetCeilngfan(S)Combination Kitchen/DiningDining AreaEntry Level BedroomFloor Plan - OpenKitchen - CountryKitchen - IslandMaster Bath(S)PantryRecessed LightingUpgraded CountertopsWalk-In Closet(S)Wood Floors Laundry Type Has LaundryMain FloorWasher In UnitDryer In Unit Levels 2.5 Main Level Bedrooms 1 Spa YN No Upper Level1 Bedrooms 2 Walls Ceilings Wood CeilingsWood Walls

    Property Features

    Accessibility Features 2+ Access ExitsDoors - Lever Handle(S) Assessment Year 2018 Association Fee 500.00 Association Fee Frequency Annually Association Fee Includes Common Area MaintenanceRoad MaintenanceSnow Removal Association Name Tanglewood Association YN Yes Central Air YN Yes Condo YN No Cooling Fuel Electric Foundation Details Concrete PerimeterPermanentSlab Heating Fuel Propane - Owned Historic YN No Hot Water Electric Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 301471548613 Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Septic = # Of Br Structure Design Type Detached Tax Annual Amount 3196.0 Tax Assessment Amount 290100.0 Tax Lot 50 Utilities Propane Vacation Rental YN Yes Water Source Well Window Features Double PaneInsulatedScreensWood Frame Zoning R

    Listing courtesy of 1 Real Estate Source Llc.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. 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. Data last updated: 2019-05-21T13:58:39.17.
     
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