Address
0 Follow Ditch Road, Princess Anne, MD
Price
$ 2,488,500
Property Attributes
- MLS#MDSO2002900
- TypeLand
- CountySOMERSET
- CityPrincess Anne
- AreaSomerset East of Rt-13
- Zip21853
- StyleRecreation,Investment,Hunting,Timber,Vacant
- Taxes$ 1482
- Price$ 2,488,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size711.05 Acres
Data Source:
Bright MLS
Property Description
This 711 timberland complex stands within several thousand contiguous acres of state owned forestland in Somerset County. The tract is located to the South of Wellington WMA and to the North of the Chesapeake Forest Wells Timberland Complex. This region of the Eastern Shore is well known for the high population of Whitetails and Eastern Wild Turkey. The tract offers the wildlife manager an array of management opportunities for improving the existing habitat as well as creating long term economic returns from the land. The property has been recently surveyed by consulting hired by the owner to monetize the natural resources of the property for income. The timber age class summary indicates there is some immediate merchantable timber as well as possible eligibility for certain conservation programs at the state and federal level. A hunting lease yields yearly income as well. Together these income streams can create a value stack of income streams to make this a quality land investment. The property is currently free and clear of any conservation programs restricting it's current or future use. The land use zoning is currently agricultural. Timber data is available upon request.
| Price History | |
|---|---|
| 2/27/2023 | Listed $2,488,500 |
General Features
| Sewer | No Septic System,No Sewer System |
|---|---|
| Possession | Immediate |
| Zoning | A |
| Property SubType | Land |
| Tax Year | 2022 |
| Current Use | Recreation,Investment,Hunting,Timber,Vacant |
| Percent Ownership | Fee Simple |
| County | SOMERSET |
| Property Type | Land |
| HOA / Comm Assn | No |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | From Rt. 13 South,Turn left on Costen Road. The turn left on Follow Ditch Road. The property will be on you left in 1.5 miles. |
| ModificationTimestamp | 2024-01-02T13:32:54 |
| City | PRINCESS ANNE |
| Buyer Agent Compensation | 3 |
| MLS Area | Somerset East of Rt-13 (20-02) |
| Lot Size Square Feet | 30973338.00 |
| Tax Assessed Value | 133300.0 |
| Waterfront Y/N | No |
| Street Name | FOLLOW DITCH ROAD |
| Tax Annual Amount | 1482.0 |
| Price Per Sq Ft | 0.08 |
| Additional Parcels Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 429 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % Of Gross |
Exterior Features
| Water Source | None |
|---|---|
| Water View Y/N | No |
| Lot Size Acres | 711.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Horse Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 21853
Price
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