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    Lorie C Quinn Sr Dr Crisfield, MD 21817

    Sponsored
    For Sale
    $850,000

    Prime Maryland land, 8.43 acres, excellent potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.43-acre property in Crisfield, Maryland, presents a unique investment opportunity. Located on Lorie C Quinn Sr Dr, in Somerset County, zip code 21817 (37.9906569, -75.8526625), this bank-owned foreclosure is zoned R-2 Residential and offers significant development potential. The land is divided into two main parcels: a 1.83-acre lot with plans for 28 undeveloped townhouse sites, and a larger 6.6-acre lot suitable for 38 undeveloped single-family homes. This represents the remaining phases of a previously successful three-phase development project, with the first phase already completed. The property's location in Crisfield offers access to waterfront amenities and a desirable residential market. This is an excellent opportunity for developers or investors seeking a substantial land acquisition in a growing area. Seller financing may be available, providing a flexible purchase option with potentially favorable terms. The asking price for this significant land holding is $850,000. This represents a rare chance to acquire a large, well-situated parcel ready for immediate development.

    Property Features for 0 Lorie C Quinn Sr Dr

    General Information

    Property type
    Land
    Lot Size
    367,211 SF

    HighLights

    • 8.43‑acre Crisfield, MD land offering significant development potential.
    • Zoned R‑2 Residential, located on Lorie C Quinn Sr Dr, Somerset County, 21817.
    • Comprises two parcels: a 1.83‑acre lot (28 townhouse sites) and a 6.6‑acre lot (38 single‑family homes).
    • Represents the remaining phases of a three‑phase development (Phase 1 complete).
    • $850,000 asking price; seller financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crisfield
    County
    Somerset
    State
    Maryland
    Longitude
    -75.8526625
    Latitude
    37.9906569

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    FAQs

    What type of property is this?
    Land - Prime Maryland land, 8.43 acres, excellent potential.
    Where is this land located?
    The property is located at Lorie C Quinn Sr Dr Crisfield, MD.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 8.43-acre Crisfield, MD land offering significant development potential.; Zoned R-2 Residential, located on Lorie C Quinn Sr Dr, Somerset County, 21817.; Comprises two parcels: a 1.83-acre lot (28 townhouse sites) and a 6.6-acre lot (38 single-family homes).
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    Lorie C Quinn Sr Dr Crisfield, MD 21817
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    Crisfield, MD 21817
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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
    Lorie C Quinn Sr Dr Crisfield, MD 21817
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