$2,488,500 Price Analysis    ♡   Princess Anne, MD 21853 Unknown bed 0 bath unknown SqFt ($0/SqFt) 711.05 acre lot. Listed 2023-02-27 | Ⓧ USDA Ineligible due to property near Princess Anne |
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 ag 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.
Presented by Ben Alder at
The Land Group.
Property MLS #MDSO2002900 from BrightMLS
Lot Size Square Feet: 30973337
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: SOMERSET
Current Use: Recreation, Investment, Hunting, Timber, Vacant
Ownership: Fee Simple
Source Property Type: Land
Area: SOMERSET
Source Neighborhood: SOMERSET
Property Subtype: Land
Source System Name: C2C
$2,488,500
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.