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    Sandy Spri Sandy Spring Ln Thurmont, MD 21788

    For Sale
    $500,000

    3.75 Acres, R-2 Zoning, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3.75-acre parcel, identified as Parcel 2068, presents a remarkable opportunity for multi-family development in the desirable Thurmont, MD area. Zoned R-2, this raw land allows for the construction of single-family dwellings on 8,000 square foot lots, each requiring a 70-foot width with 10-foot side setbacks and 30-foot rear setbacks. Building height is capped at 30 feet. The property's zoning offers significant potential, with the possibility of special exceptions for uses such as daycare centers or nursing homes, expanding the development options considerably. This presents a unique chance to create a thriving residential community or explore alternative uses within the permitted zoning allowances. The property's size and zoning flexibility make it an attractive investment for developers seeking a prime location in a growing area. The seller is open to negotiating terms, making this an even more compelling opportunity for serious buyers. Detailed zoning regulations and development guidelines are readily available upon request. This is a rare chance to acquire a substantial parcel of land with significant development potential in a highly sought-after location. Act quickly to secure this exceptional investment.

    Property Features for Sandy Spri Sandy Spring Ln

    General Information

    Property type
    Residential income properties
    Lot Size
    163,350 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Thurmont
    County
    Frederick
    State
    Maryland
    Longitude
    -77.41138
    Latitude
    39.63105

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    FAQs

    What type of property is this?
    Residential income property - 3.75 Acres, R-2 Zoning, Prime Location
    Where is this residential income property located?
    The property is located at Sandy Spri Sandy Spring Ln Thurmont, MD.
    What is the asking price?
    The asking price for this property is $500,000.
    (301) 947-3788
    Request Owner's contact information
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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
    Sandy Spri Sandy Spring Ln Thurmont, MD 21788
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