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Allegany County, MD · Sold

MD-526012

8984 County Road 277

$351,600
$15,045/ac · 23.37 ac
Acreage23.37 ac
Price per acre$15,045/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedMar 12, 2024
Coordinates39.6716, -78.7878
Loading terrain…
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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands2.0% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power132 ft away

Power at or near the road.

Buildable area21.76 of 23.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$368,964
$276,994$460,935 · $15,788/ac on 23.37 ac
Asking vs estimate
-4.7%
In line with 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 $351,600
Maximum allowable offer
$210,837
$9,022/ac · +30.0% target margin

You need $140,763 off asking to hit this margin.

All-in cost$228,758
Net resale$339,447
Projected profit$110,689
ROI+48.4%
Annualized+69.2%
Break-even resale$10,640/ac
Profit if resale lands off target
-20%
$42,800
-10%
$76,744
0%
$110,689
+10%
$144,634
+20%
$178,579
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-195294
Gravel · Power at road
13.9Feb 5, 2026$165,30011,90313,4846.7 mi
78
MD-536157
Dirt · Off grid
25.9Nov 19, 2025$335,80012,94121,8655.7 mi
78
MD-187191
Gravel · Power at road
54.9Jul 27, 2026$727,00013,24418,1712.7 mi
76
MD-427041
Gravel · Power at road
49.2Jul 27, 2026$423,1008,59311,5325.6 mi
75
MD-525751
Dirt · Off grid
19.3Jul 30, 2025$161,8008,36813,7519.7 mi
72
MD-786603
Paved · Off grid
35.9Aug 2, 2025$286,0007,97710,47510.7 mi
70
MD-356743
Gravel · Full utilities
39.7Feb 7, 2024$751,00018,92722,0501.1 mi
66
MD-767354
Gravel · Full utilities
61.8Mar 31, 2025$880,50014,25517,3476.7 mi
61
MD-364721
Landlocked · Full utilities
9.2Feb 28, 2025$110,30012,03016,4518.7 mi
59
MD-707345
Landlocked · Power at road
61.4Nov 6, 2023$334,5005,45112,5469.7 mi
56
Show adjustment detail for the top comp
  • Tract size (13.89 ac → 23.37 ac)-6.1%
  • Access (Gravel → Paved)+18.0%
  • Market time (6 mo)+2.2%

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.