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Wicomico County, MD · Sold

MD-619932

317 County Road 251

$4,961,900
$12,411/ac · 400 ac
Acreage400 ac
Price per acre$12,411/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedJan 14, 2025
Coordinates38.3316, -75.5494
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

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

View Wicomico market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
14
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope12.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,666 ft of deeded road frontage.

Power134 ft away

Power at or near the road.

Buildable area298.74 of 399.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,726,456
$3,000,776$4,452,136 · $9,321/ac on 400 ac
Asking vs estimate
+33.2%
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 $4,961,900
Maximum allowable offer
$2,129,403
$5,326/ac · +30.0% target margin

You need $2,832,497 off asking to hit this margin.

All-in cost$2,310,402
Net resale$3,428,339
Projected profit$1,117,937
ROI+48.4%
Annualized+69.2%
Break-even resale$6,281/ac
Profit if resale lands off target
-20%
$432,269
-10%
$775,103
0%
$1,117,937
+10%
$1,460,771
+20%
$1,803,605
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-339833
Dirt · Full utilities
372.1Apr 11, 2026$3,396,5009,1278,6398.0 mi
81
MD-898704
Gravel · Off grid
164.3Aug 29, 2025$2,177,20013,25612,5845.1 mi
67
MD-627338
Gravel · Off grid
61.1May 26, 2026$868,10014,21710,2754.3 mi
66
MD-427361
Dirt · Power at road
62.1Feb 16, 2026$750,10012,0828,7599.4 mi
64
MD-499011
Dirt · Power at road
205.2Aug 29, 2024$2,215,90010,80111,20911.2 mi
61
MD-347042
Dirt · Power at road
49.3Jun 19, 2025$521,80010,5907,5174.6 mi
57
MD-217333
Paved · Power at road
60.8May 29, 2024$866,80014,2478,0262.5 mi
56
MD-397505
Paved · Off grid
68.9May 10, 2025$717,60010,4136,8338.8 mi
53
Show adjustment detail for the top comp
  • Tract size (372.14 ac → 399.81 ac)-2.1%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (4 mo)+1.5%

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.