Investor’s Dream or Value-Seeker’s Opportunity | Queen Anne Victorian with Timeless Charm & Huge Potential This is the opportunity you’ve been waiting for—a true investor’s dream or the perfect chance for someone looking to buy a home at a low price and create exceptional value. This spacious and elegant Queen Anne Victorian combines historic beauty with incredible potential. The current owner began major renovations, including structural improvements, updated electrical work, new flooring, and fresh paint. Unfortunately, due to a family emergency, the work had to be paused—now offering you the rare opportunity to finish the project to your taste and vision. Whether you're looking for a profitable fix-and-flip or a unique canvas to create your dream home, this property has what you need. From the moment you step inside, you'll be captivated by its original charm, including stained-glass windows, rich oak trim, a dramatic spiral staircase, and classic built-in bookshelves. The home also features a spacious walk-in pantry, a wrap-around covered porch perfect for relaxing, and a beautiful stone patio ideal for entertaining. Surrounded by mature trees and established perennial gardens, this home feels warm, welcoming, and full of life. With its generous layout and timeless architecture, this property is a true gem. And with the renovations already underway, you're starting ahead—owning this home for a fraction of its finished value. Whether you’re an investor ready to make a smart move or a buyer searching for a property with character and potential, this is one opportunity you won’t want to miss. Schedule your showing today and discover everything this remarkable home has to offer.
For sale
Price cut: $14.5K (8/11)
$279,991
503 E Alder St, Oakland, MD 21550
4beds
2,496sqft
Est.:
Single Family Residence
Built in 1922
0.25 Acres Lot
$270,700 Zestimate®
$112/sqft
$-- HOA
What's special
- 30 days
- on Zillow |
- 797 |
- 17 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 10, 2025 at 01:22pm
Listed by:
Jameel Scott 908-943-8064,
Coldwell Banker Realty 703-763-1950
Source: Bright MLS,MLS#: MDGA2010182

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Basement
- Area: 1248
Heating
- Radiant, Electric
Cooling
- None, Electric
Appliances
- Included: Water Heater
Features
- Plaster Walls
- Basement: Unfinished,Space For Rooms,Interior Entry
- Number of fireplaces: 1
Interior area
- Total structure area: 3,744
- Total interior livable area: 2,496 sqft
- Finished area above ground: 2,496
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.25 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 1217003747
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Advanced Framing
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1922
Details
- Builder name: JARBOS
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Garrett County
HOA
- Has HOA: No
Location
- Region: Oakland
- Municipality: Oakland
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $235,100
- Annual tax amount: $3,609
- Date on market: 8/1/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,1031 Exchange
- Ownership: Fee Simple
- Road surface type: Black Top
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