Somerset County, MD · Sold

MD-486684

7216 County Road 299

$634,900

$16,699/ac · 38.02 ac

Offer report Market this tract

Acreage38.02 ac

Price per acre$16,699/ac

ZoningMixed Use

Road accessDirt

UtilitiesPower at road

TopographySloped

ListedJul 7, 2024

Coordinates38.0708, -75.7655

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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

Moderate risk

Wetlands2.3% of tract

Little to no mapped wetland coverage.

Average slope30.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power201 ft away

Power at or near the road.

Buildable area22.29 of 38.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$568,071

$496,290 – $639,852 · $14,941/ac on 38.02 ac

Asking vs estimate

+11.8%

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 $634,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$324,612

$8,538/ac · +30.0% target margin

You need $310,288 off asking to hit this margin.

All-in cost$352,204

Net resale$522,625

Projected profit$170,421

ROI+48.4%

Annualized+69.2%

Break-even resale$10,069/ac

Profit if resale lands off target

-20%

$65,896

-10%

$118,159

$170,421

+10%

$222,684

+20%

$274,946

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MD-956523 Dirt · Power at road	33.8	Dec 14, 2025	$577,900	17,083	17,209	4.4 mi	84
MD-306771 Gravel · Power at road	40.5	Nov 24, 2023	$518,700	12,810	12,420	0.1 mi	77
MD-905817 Paved · Power at road	20.3	Jun 13, 2026	$404,000	19,912	13,271	5.6 mi	76
MD-907718 Gravel · Power at road	80.4	Feb 25, 2026	$1,054,800	13,118	13,432	9.7 mi	74
MD-556327 Dirt · Off grid	29.4	Sep 6, 2024	$408,900	13,933	16,971	10.4 mi	73
MD-898132 Gravel · Power at road	108.5	Jan 25, 2026	$1,334,100	12,292	13,582	5.9 mi	72
MD-675929 Gravel · Off grid	22.0	May 24, 2025	$359,400	16,337	15,951	2.5 mi	70
MD-417648 Dirt · Full utilities	76.4	Aug 27, 2024	$1,234,200	16,148	16,538	2.6 mi	67
MD-525077 Paved · Full utilities	11.9	Mar 17, 2026	$294,300	24,795	12,903	4.8 mi	66
MD-697322 Gravel · Full utilities	60.4	Sep 21, 2024	$1,244,000	20,610	17,180	6.4 mi	66

Show adjustment detail for the top comp

Tract size (33.83 ac → 38.02 ac)-2.0%
Market time (8 mo)+2.8%

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