412 TANGLEWOOD DRIVE Residential Cabin $360,000— Listed by Robert ORR, 1 Real Estate Source LLC

412 TANGLEWOOD DRIVE Residential Cabin $360,000— Listed by Robert ORR, 1 Real Estate Source LLC

MLS - Broker Listed Properties

Updated on Jun 16, 2019

Highest quality cabin perched in a forested setting. Quality at every turn offers... $360,000

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Price$360,000
Bedrooms3
Bathrooms4
Address412 TANGLEWOOD DRIVE
OAKLAND, MD 21550
Living Area2,112 square feet
StatusActive
Broker1 Real Estate Source LLC
Phone(301) 387-8300
AgentRobert ORR
Phone(301) 387-8060
Located in OAKLAND, MD
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.

    Taxes

  • $3,196
  • Appliances

  • Cooktop
  • Dishwasher
  • Microwave
  • Oven - Self-Cleaning
  • Refrigerator
  • Heating systems

  • Fireplace
  • Forced Air
  • Rooms

  • Basement: 1
  • Bedroom: 3
  • Full bath: 3
  • Half bath: 1
  • General

  • Provider name: 1 Real Estate Source LLC
  • Provider category: Broker
  • Property type: Residential
  • Property sub type: Cabin
  • Listing category: Purchase
  • Mls name: Bright MLS
  • Mls number: MDGA128722
  • Living area: 2112
  • Lot size: 2
  • Year built: 2006
  • Listing date: 2019-02-22
  • Listing title: Cabin/Lodge, Detached - OAKLAND, MD
  • Full bathrooms: 3
  • Half bathrooms: 1
  • Partial bathrooms: 1
  • Architecture style: Other
  • Has basement: yes
  • Cooling systems: Central A/C
  • Exterior types: Log
  • Has fireplace: yes
  • Is new construction: no
  • Num parking spaces: 4
  • Roof types: Unknown
Copyright © 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
 

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