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Montgomery County, MD · Sold

MD-905103

8837 County Road 24

$204,000
$16,873/ac · 12.09 ac
Acreage12.09 ac
Price per acre$16,873/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedAug 19, 2025
Coordinates39.2111, -77.1828
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

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

View Montgomery market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands14.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

614 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area9.82 of 12.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$164,671
$131,864$197,477 · $13,620/ac on 12.09 ac
Asking vs estimate
+23.9%
Priced above the comp set

Weighted from 8 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 $204,000
Maximum allowable offer
$94,098
$7,783/ac · +30.0% target margin

You need $109,902 off asking to hit this margin.

All-in cost$102,096
Net resale$151,497
Projected profit$49,401
ROI+48.4%
Annualized+69.2%
Break-even resale$9,179/ac
Profit if resale lands off target
-20%
$19,101
-10%
$34,251
0%
$49,401
+10%
$64,550
+20%
$79,700
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-305014
Dirt · Power at road
11.3May 22, 2025$111,7009,85312,5714.6 mi
79
MD-305446
Dirt · Off grid
15.5Nov 5, 2024$122,1007,87512,4555.0 mi
78
MD-665235
Gravel · Power at road
13.3Aug 19, 2025$144,90010,88412,0045.0 mi
77
MD-334839
Gravel · Power at road
10.0Apr 1, 2025$120,50012,06213,1682.7 mi
74
MD-844712
Gravel · Power at road
9.1Aug 25, 2024$87,6009,61210,6684.7 mi
73
MD-444379
Gravel · Full utilities
7.2Aug 2, 2025$104,50014,59612,5875.0 mi
71
MD-853709
Paved · Full utilities
4.4Jul 27, 2026$127,40028,89519,7878.7 mi
71
MD-674126
Gravel · Power at road
6.0Feb 22, 2025$92,50015,52116,4462.7 mi
66
Show adjustment detail for the top comp
  • Tract size (11.34 ac → 12.09 ac)-0.6%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (15 mo)+5.2%

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.