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Somerset County, MD · Sold

MD-114061

2375 County Road 370

$116,000
$20,387/ac · 5.69 ac
Acreage5.69 ac
Price per acre$20,387/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedOct 6, 2023
Coordinates38.1322, -75.8619
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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

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

View Somerset market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands1.0% of tract

Little to no mapped wetland coverage.

Average slope19.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

521 ft of deeded road frontage.

Power6,830 ft away

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

Buildable area4.51 of 5.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$108,181
$78,371$137,991 · $19,012/ac on 5.69 ac
Asking vs estimate
+7.2%
Priced above 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 $116,000
Maximum allowable offer
$61,818
$10,864/ac · +30.0% target margin

You need $54,182 off asking to hit this margin.

All-in cost$67,073
Net resale$99,527
Projected profit$32,454
ROI+48.4%
Annualized+69.2%
Break-even resale$12,813/ac
Profit if resale lands off target
-20%
$12,549
-10%
$22,501
0%
$32,454
+10%
$42,407
+20%
$52,359
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-383627
Landlocked · Off grid
4.2Dec 10, 2025$55,70013,41920,0136.9 mi
80
MD-463042
Gravel · Power at road
2.7Jul 27, 2026$71,20026,18221,6925.3 mi
77
MD-525077
Paved · Full utilities
11.9Mar 17, 2026$294,30024,79515,6764.0 mi
76
MD-583481
Paved · Full utilities
3.7Dec 9, 2024$172,50046,25728,7202.3 mi
69
MD-484969
Gravel · Power at road
11.0May 18, 2025$151,70013,81412,9156.1 mi
69
MD-305594
Landlocked · Full utilities
17.3Aug 16, 2025$213,20012,35214,4264.8 mi
62
Show adjustment detail for the top comp
  • Tract size (4.15 ac → 5.69 ac)-1.4%
  • Access (Landlocked → Gravel)+47.1%
  • Market time (8 mo)+2.9%

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.