271 Cherry HlElkton, MD 21921

  • Residential income properties
  • 6,672 SF
Off market
$749,200 Estimated

Property Details for 271 Cherry Hl

Year built
2018
Construction
WOOD FRAME
Lot size
0.30 AC
Property size (Sq ft)
6,672 SF
Zone code
RM
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
03-018970
APU
3018970

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,153,798
    6.5%
    $1,988,121
    7%
    $1,846,112
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,336,893
    Geo Method
    $1,351,234
  • Alternative Use

    Use
    Valuation
    Residential
    $1,988,121
    Hospitality
    $1,821,108
    Educational
    $1,515,141
    Medical
    $1,567,249
    Retail
    $2,356,886
271 Cherry Hl, Elkton, Maryland
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Location Insight

City
Elkton
County
Cecil
State
Maryland
Latitude
39.6635
Longitude
-75.8535
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,274
$94,300
$654,900
$749,200
-
$94,300
$654,900
$749,200

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