1 Real Estate Source LLC


412 Tanglewood Drive
Oakland, MD 21550

Single Family, Single Family-Detached
1 Half
Sq. Ft.
Acre Lot
Courtesy: 1 Real Estate Source LLC
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."
Single Family, Single Family-Detached
3 Full/1 Half
2 Acres
Other, Electric Water Heater, LP Gas Water Heater
School Rating Out of 10
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Walk Score

Transit Score

Courtesy: 1 Real Estate Source LLC
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