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Allegany County, MD · Sold

MD-429463

7498 County Road 370

$3,076,500
$10,808/ac · 285 ac
Acreage285 ac
Price per acre$10,808/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedApr 4, 2026
Coordinates39.6888, -78.7741
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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

4 items to verify before you offer.

Risk index
25
Low risk
Wetlands14.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area232.28 of 284.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,395,364
$2,444,662$4,346,066 · $11,929/ac on 285 ac
Asking vs estimate
-9.4%
Priced below the comp set

Weighted from 7 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 $3,076,500
Maximum allowable offer
$1,940,208
$6,816/ac · +30.0% target margin

You need $1,136,292 off asking to hit this margin.

All-in cost$2,105,126
Net resale$3,123,735
Projected profit$1,018,609
ROI+48.4%
Annualized+69.2%
Break-even resale$8,039/ac
Profit if resale lands off target
-20%
$393,862
-10%
$706,236
0%
$1,018,609
+10%
$1,330,982
+20%
$1,643,356
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-988581
Gravel · Power at road
150.3Jul 27, 2026$1,211,8008,0669,7370.8 mi
78
MD-429627
Dirt · Off grid
320.6Oct 5, 2024$2,707,6008,44718,5664.8 mi
72
MD-848788
Gravel · Power at road
174.6Mar 21, 2025$1,091,4006,2538,3055.5 mi
72
MD-918999
Landlocked · Power at road
203.4Jun 9, 2025$1,502,0007,38514,9164.8 mi
71
MD-618131
Gravel · Full utilities
108.5May 19, 2026$1,424,60013,13612,0407.6 mi
70
MD-587786
Gravel · Off grid
84.5Jun 28, 2026$617,4007,3099,0068.2 mi
66
MD-379069
Landlocked · Power at road
214.0Feb 4, 2024$1,068,7004,99510,7837.8 mi
66
Show adjustment detail for the top comp
  • Tract size (150.25 ac → 284.64 ac)-16.3%
  • Access (Gravel → Paved)+18.0%
  • 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.