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Dorchester County, MD · Sold

MD-955991

2240 County Road 117

$376,900
$16,380/ac · 23.01 ac
Acreage23.01 ac
Price per acre$16,380/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedJul 18, 2024
Coordinates38.4413, -76.0184
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

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

View Dorchester market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
30
Moderate risk
Wetlands30.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

638 ft of deeded road frontage.

Power81 ft away

Power at or near the road.

Buildable area15.17 of 23.01 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$235,402
$176,201$294,603 · $10,230/ac on 23.01 ac
Asking vs estimate
+60.1%
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 $376,900
Maximum allowable offer
$134,515
$5,846/ac · +30.0% target margin

You need $242,385 off asking to hit this margin.

All-in cost$145,949
Net resale$216,570
Projected profit$70,621
ROI+48.4%
Annualized+69.3%
Break-even resale$6,894/ac
Profit if resale lands off target
-20%
$27,307
-10%
$48,964
0%
$70,621
+10%
$92,278
+20%
$113,935
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-705760
Gravel · Power at road
19.5Jul 27, 2026$240,70012,36110,4213.3 mi
90
MD-885822
Dirt · Full utilities
20.4Nov 23, 2025$343,90016,88914,0344.1 mi
86
MD-416747
Landlocked · Power at road
39.8Jun 25, 2026$185,3004,6576,4692.4 mi
79
MD-756794
Paved · Power at road
41.2Jul 27, 2026$532,50012,93410,3813.7 mi
79
MD-216980
Dirt · Power at road
47.1May 28, 2026$301,6006,4027,2845.6 mi
77
MD-737127
Gravel · Power at road
52.4Jan 4, 2026$720,30013,74713,9645.8 mi
74
MD-747519
Gravel · Power at road
69.6Jul 3, 2026$789,20011,33711,9904.5 mi
72
MD-515261
Gravel · Full utilities
13.6Jun 22, 2024$183,90013,5619,7884.7 mi
69
MD-445325
Dirt · Full utilities
14.2Oct 13, 2024$118,8008,3696,9725.7 mi
68
MD-447146
Gravel · Off grid
53.1Nov 7, 2024$446,1008,39710,5416.3 mi
66
Show adjustment detail for the top comp
  • Tract size (19.47 ac → 23.01 ac)-2.2%
  • Access (Gravel → Dirt)-14.0%

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.