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Allegany County, MD · Sold

MD-356743

2398 County Road 166

$718,700
$18,112/ac · 39.68 ac
Acreage39.68 ac
Price per acre$18,112/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedDec 25, 2023
Coordinates39.6565, -78.7809
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

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

View Allegany market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
24
Low risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope28.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,087 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area23.74 of 39.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$581,340
$454,285$708,395 · $14,651/ac on 39.68 ac
Asking vs estimate
+23.6%
Priced above the comp set

Weighted from 10 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 $718,700
Maximum allowable offer
$332,194
$8,372/ac · +30.0% target margin

You need $386,506 off asking to hit this margin.

All-in cost$360,430
Net resale$534,833
Projected profit$174,402
ROI+48.4%
Annualized+69.2%
Break-even resale$9,873/ac
Profit if resale lands off target
-20%
$67,436
-10%
$120,919
0%
$174,402
+10%
$227,885
+20%
$281,369
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-427041
Gravel · Power at road
49.2Jul 27, 2026$423,1008,59310,9485.2 mi
85
MD-187191
Gravel · Power at road
54.9Jul 27, 2026$727,00013,24417,2502.3 mi
85
MD-767354
Gravel · Full utilities
61.8Mar 31, 2025$880,50014,25516,4686.3 mi
77
MD-786603
Paved · Off grid
35.9Aug 2, 2025$286,0007,9779,9449.6 mi
74
MD-618131
Gravel · Full utilities
108.5May 19, 2026$1,424,60013,13616,5305.4 mi
73
MD-587786
Gravel · Off grid
84.5Jun 28, 2026$617,4007,30912,3648.9 mi
73
MD-536157
Dirt · Off grid
25.9Nov 19, 2025$335,80012,94120,7574.6 mi
73
MD-195294
Gravel · Power at road
13.9Feb 5, 2026$165,30011,90312,8016.3 mi
68
MD-526012
Paved · Power at road
23.4Sep 17, 2024$373,40015,97816,3861.1 mi
68
MD-525751
Dirt · Off grid
19.3Jul 30, 2025$161,8008,36813,0548.6 mi
64
Show adjustment detail for the top comp
  • Tract size (49.24 ac → 39.68 ac)+4.2%
  • Utilities (Power at road → Full utilities)+22.0%

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.