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    40 Mimosa Ln Elkton, MD 21921

    New
    For Sale
    $1,125,000

    LAND - ELKTON, MD

    Lot size:
    31.71 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 40 Mimosa Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    31.71 Acres

    Harlan C. Williams Co. (410) 392-8645 [email protected]

    Listing agent Melinda J Wimer (410) 287-0037 License #524026

    Listing date Dec 4, 2025

    MLS# MDCC2015348 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Ranch Homes with Land

    This property features three income-producing brick ranch homes, each with attached garages and new roofs. The residences include: 77 Mimosa, a stone-front home with an oversized two-car garage, a brick wood-burning fireplace, three bedrooms, and two bathrooms; 40 Mimosa, an all-brick home with an oversized one-car garage, three bedrooms, one full bath, and a laundry room that was previously a full bath; and 56 Mimosa, an all-brick home with a two-car garage, three bedrooms, two bathrooms, and a large front porch. Additional features include a stocked pond, a 20'x50' outbuilding with a concrete floor, and 25 acres of tillable land. The property is located in ELKTON, MD.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.91612
    Latitude
    39.64829

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    FAQs

    What type of property is this?
    Single family property - Three brick ranch homes on 31.71 acres with income potential.
    Where is this single family property located?
    The property is located at 40 Mimosa Ln Elkton, MD.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - 3 income-producing brick ranch homes; - New roofs on all homes; - 25 acres tillable land
    (410) 287-0037
    Request Owner's contact information
    40 Mimosa Ln Elkton, MD 21921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Mimosa Ln Elkton, MD 21921
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