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Queen Anne's County, MD · Sold

MD-700372

2402 County Road 389

$6,000
$15,385/ac · 0.39 ac
Acreage0.39 ac
Price per acre$15,385/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedDec 11, 2023
Coordinates39.0101, -76.0327
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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

Queen Anne's County, Maryland. Eastern Shore farmland and preservation-easement tracts.

View Queen Anne's market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands6.3% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

101 ft of deeded road frontage.

Power13,704 ft away

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

Buildable area0.35 of 0.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,923
$5,020$6,827 · $15,188/ac on 0.39 ac
Asking vs estimate
+1.3%
In line with the comp set

Weighted from 5 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 $6,000
Maximum allowable offer
$3,385
$8,679/ac · +30.0% target margin

You need $2,615 off asking to hit this margin.

All-in cost$3,673
Net resale$5,450
Projected profit$1,777
ROI+48.4%
Annualized+69.2%
Break-even resale$10,236/ac
Profit if resale lands off target
-20%
$687
-10%
$1,232
0%
$1,777
+10%
$2,322
+20%
$2,867
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-632100
Dirt · Full utilities
1.4Jul 4, 2026$22,00016,02711,3351.8 mi
73
MD-511489
Landlocked · Power at road
0.9Jul 16, 2025$11,70013,30815,0342.7 mi
67
MD-631543
Gravel · Off grid
0.9Sep 28, 2025$18,70020,33318,2347.5 mi
67
MD-742332
Gravel · Off grid
1.6Dec 28, 2025$28,70017,68615,8136.8 mi
63
MD-921766
Gravel · Power at road
1.1May 26, 2025$22,30020,67616,0059.8 mi
59
Show adjustment detail for the top comp
  • Tract size (1.37 ac → 0.39 ac)+1.0%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (1 mo)+0.5%

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.