Carroll County, MD · Sold

MD-235541

1538 County Road 392

$273,400

$16,460/ac · 16.61 ac

Offer report Market this tract

Acreage16.61 ac

Price per acre$16,460/ac

ZoningResidential

Road accessDirt

UtilitiesOff grid

TopographyWooded

ListedMar 3, 2025

Coordinates39.6413, -76.9723

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County GIS boundary

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County market

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

View Carroll market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

830 ft of deeded road frontage.

Power6,508 ft away

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

Buildable area14.44 of 16.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$240,200

$206,690 – $273,710 · $14,461/ac on 16.61 ac

Asking vs estimate

+13.8%

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 $273,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$137,257

$8,264/ac · +30.0% target margin

You need $136,143 off asking to hit this margin.

All-in cost$148,924

Net resale$220,984

Projected profit$72,060

ROI+48.4%

Annualized+69.2%

Break-even resale$9,746/ac

Profit if resale lands off target

-20%

$27,863

-10%

$49,962

$72,060

+10%

$94,158

+20%

$116,257

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MD-855453 Dirt · Off grid	15.6	Jul 27, 2026	$235,200	15,096	15,021	2.0 mi	92
MD-795431 Dirt · Off grid	15.3	May 3, 2026	$235,900	15,375	15,422	5.1 mi	91
MD-205242 Landlocked · Full utilities	13.4	Jun 18, 2026	$240,500	17,977	15,584	4.6 mi	86
MD-785313 Dirt · Full utilities	14.1	Jul 27, 2026	$359,400	25,528	17,509	7.4 mi	84
MD-496125 Dirt · Off grid	25.4	Apr 12, 2026	$346,800	13,675	14,657	12.5 mi	76
MD-176290 Gravel · Power at road	28.6	Apr 2, 2026	$398,600	13,947	11,140	12.8 mi	74
MD-335295 Landlocked · Power at road	13.9	Apr 10, 2025	$143,900	10,352	11,535	6.2 mi	72
MD-775753 Gravel · Power at road	19.4	Dec 30, 2024	$395,500	20,419	16,242	8.1 mi	70
MD-124862 Gravel · Off grid	10.2	Aug 6, 2025	$139,300	13,706	11,723	7.5 mi	70
MD-926362 Paved · Power at road	30.1	Jan 7, 2026	$642,300	21,330	14,698	9.9 mi	68

Show adjustment detail for the top comp

Tract size (15.58 ac → 16.61 ac)-0.7%

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.

Build the listing kit Post a deal or JV