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Caroline County, MD · Sold

MD-557276

406 County Road 294

$730,500
$12,513/ac · 58.38 ac
Acreage58.38 ac
Price per acre$12,513/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedOct 24, 2024
Coordinates38.8290, -75.7566
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

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

View Caroline market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands28.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power11,870 ft away

A long utility run — price in solar/off-grid instead.

Buildable area39.71 of 58.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$696,423
$572,533$820,314 · $11,929/ac on 58.38 ac
Asking vs estimate
+4.9%
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 $730,500
Maximum allowable offer
$397,956
$6,817/ac · +30.0% target margin

You need $332,544 off asking to hit this margin.

All-in cost$431,782
Net resale$640,710
Projected profit$208,927
ROI+48.4%
Annualized+69.2%
Break-even resale$8,039/ac
Profit if resale lands off target
-20%
$80,785
-10%
$144,856
0%
$208,927
+10%
$272,998
+20%
$337,069
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-537896
Gravel · Off grid
91.5Sep 4, 2025$1,367,10014,94414,7950.6 mi
80
MD-217195
Dirt · Full utilities
55.0Oct 22, 2024$1,199,10021,78216,1346.1 mi
80
MD-887069
Paved · Off grid
50.3Jan 21, 2026$800,00015,92111,5189.2 mi
78
MD-717228
Landlocked · Off grid
56.4Mar 7, 2025$534,0009,47112,6116.3 mi
77
MD-756677
Dirt · Off grid
37.8Nov 30, 2025$410,40010,84910,2646.2 mi
76
MD-996896
Gravel · Power at road
44.3Jun 16, 2025$612,40013,81510,0226.8 mi
76
MD-437453
Gravel · Off grid
66.4Apr 9, 2025$852,90012,85312,0098.0 mi
74
MD-428011
Gravel · Off grid
99.4Sep 13, 2025$1,183,00011,89912,0093.4 mi
73
MD-308149
Dirt · Off grid
109.9Oct 24, 2024$805,7007,3339,1391.0 mi
71
MD-845940
Gravel · Off grid
22.2Jan 5, 2026$300,10013,52910,0813.7 mi
69
Show adjustment detail for the top comp
  • Tract size (91.48 ac → 58.38 ac)+10.7%
  • Access (Gravel → Dirt)-14.0%
  • Market time (11 mo)+4.0%

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.