"Deep Creek Lake - Sandy Shores Heights"

0.60 +/- Acre Residential Parcel
11740.jpg

Listing Details

Sold Price
$15,000
Auction Date
Auction Time
11:00 AM
Address
Fern Loop Drive, Oakland, MD, 21550
County
Garrett County
Neighborhood
Deep Creek Lake, Sandy Shores Heights
Inspection
The property is available to view at any time. Please be courteous to the neighbors.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
11741.jpg
11741.jpg
11742.jpg
11740.jpg

 

DEEP CREEK LAKE

"Sandy Shores Heights"

0.60± ACRE
RESIDENTIAL PARCEL


FERN LOOP DRIVE
Tax Account No.: 1218081997
Oakland, Garrett County, MD 21550

       NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
The property is located immediately west of Deep Creek Lake in the Sandy Shores Heights Community in the town of Oakland. Deep Creek Lake is well known throughout the Mid-Atlantic region for impeccable landscapes and ample recreational opportunities. Lodestone Golf Course adjoins the Sandy Shores community, Wisp Ski resort is about two miles to the north and water-sport facilities are located throughout the Deep Creek Lake area. There are also several state parks, hiking trails and other outdoor facilities within a short drive.

Homes sold nearby are comprised predominantly of custom homes of varying styles built between 1999-2009. Lots are typically a secluded half-acre or more.

For more information about the area, please visit:
https://www.visitdeepcreek.com/
https://www.garrettcounty.org/
and
https://garrettcountyschools.org/

SITE:
Wooded lot comprising 0.604 acre, more or less. See plat below for lot dimensions.

Property tax account number 12-18-081997

Lot 45 on the Plat of Sandy Shores Heights - recorded in Plat Book DKM 3, page 218-219

Opposite 451 Fern Loop Drive.

Zoned LR1 - Lake Residential District 1
For more information, see the Garrett County Zoning Ordinance.

Public water and sewer are believed to be in the neighborhood

The property is subject to the Sandy Shores Heights Subdivision Declaration of Covenants, Conditions and Restrictions. The annual HOA fee is $500.

Homeowner Association Documents:
Sandy Shores Heights Property Owners Association
Wisp Resort Master Association (formerly Deep Creek Mountain Resort Property Owners Master Association)

TITLE:
In fee simple; and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,035 based on a full value assessment of $89,800. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A 10% deposit, payable by cashier's check, will be required of the purchaser at time and place of sale. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the Purchaser. The property will be sold in "AS IS" condition, and subject to the Sandy Shores Heights Subdivision Declarations, Covenants, Conditions and Restrictions, The Deep Creek Mountain Resort Property Owners Association, Inc. Master Declaration of Covenants, Conditions and Restrictions, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the Purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence.

NO BUYER'S PREMIUM!