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Caroline County, MD · Sold

MD-163563

2358 County Road 293

$36,200
$9,141/ac · 3.96 ac
Acreage3.96 ac
Price per acre$9,141/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedAug 20, 2024
Coordinates38.9235, -75.7722
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

3 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope10.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12,654 ft away

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

Buildable area3.75 of 3.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$50,712
$38,305$63,119 · $12,806/ac on 3.96 ac
Asking vs estimate
-28.6%
Priced below the comp set

Weighted from 6 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 $36,200
Maximum allowable offer
$28,978
$7,318/ac · +30.0% target margin

You need $7,222 off asking to hit this margin.

All-in cost$31,441
Net resale$46,655
Projected profit$15,214
ROI+48.4%
Annualized+69.3%
Break-even resale$8,630/ac
Profit if resale lands off target
-20%
$5,883
-10%
$10,548
0%
$15,214
+10%
$19,879
+20%
$24,545
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-843392
Dirt · Off grid
3.5Jul 27, 2026$64,20018,35614,4834.5 mi
91
MD-952690
Dirt · Power at road
2.1May 12, 2026$56,10026,57517,7366.5 mi
72
MD-441374
Dirt · Off grid
0.8Jul 27, 2026$10,40012,8329,8572.7 mi
70
MD-352813
Dirt · Power at road
2.3Mar 12, 2024$29,70012,9059,4069.0 mi
61
MD-695664
Gravel · Power at road
18.2Jan 6, 2026$390,50021,50314,2537.4 mi
60
MD-651725
Gravel · Off grid
1.1Dec 19, 2024$14,30013,5939,6078.6 mi
57
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%

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.