Allegany County, MD · Sold

MD-101506

2392 County Road 362

$14,100

$15,843/ac · 0.89 ac

Offer report Market this tract

Acreage0.89 ac

Price per acre$15,843/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedJul 6, 2024

Coordinates39.6420, -78.6231

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County GIS boundary

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County market

Allegany County, Maryland. Eastern Shore farmland and preservation-easement tracts.

View Allegany market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands6.2% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power149 ft away

Power at or near the road.

Buildable area0.79 of 0.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$13,807

$11,132 – $16,483 · $15,514/ac on 0.89 ac

Asking vs estimate

+2.1%

In line with the comp set

Weighted from 8 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $14,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$7,890

$8,865/ac · +30.0% target margin

You need $6,210 off asking to hit this margin.

All-in cost$8,561

Net resale$12,703

Projected profit$4,142

ROI+48.4%

Annualized+69.2%

Break-even resale$10,455/ac

Profit if resale lands off target

-20%

$1,601

-10%

$2,872

$4,142

+10%

$5,412

+20%

$6,683

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MD-301729 Gravel · Full utilities	1.1	Jul 27, 2026	$21,900	20,813	17,126	3.2 mi	87
MD-722221 Gravel · Power at road	1.5	Jul 27, 2026	$15,800	10,530	10,620	4.5 mi	86
MD-492534 Dirt · Power at road	1.9	Jul 27, 2026	$28,600	15,210	17,904	6.7 mi	75
MD-670824 Landlocked · Off grid	0.5	Sep 1, 2024	$5,900	11,013	20,544	1.5 mi	68
MD-910378 Dirt · Power at road	0.4	Feb 4, 2026	$5,300	13,665	16,157	10.6 mi	67
MD-850702 Dirt · Power at road	0.5	Sep 18, 2024	$5,800	11,661	14,586	8.7 mi	64
MD-480379 Paved · Full utilities	0.4	Apr 24, 2025	$6,600	16,980	12,379	10.0 mi	61
MD-822830 Paved · Power at road	2.3	Jul 23, 2024	$37,500	16,091	15,037	6.4 mi	60

Show adjustment detail for the top comp

Utilities (Full utilities → Power at road)-18.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.

Build the listing kit Post a deal or JV