The Hoffmaster property represents the last farm in the area zoned for development with access to public utilities. The seller wishes to enter into an agreement with a developer/builder who will complete the engineering and settle at record plat approval. The property is located on Chapman Road, a tranquil and ideal location for a community targeted towards a value-oriented purchaser who wants more than just a run-of-the-mill home. It is expected that homes on Chapman Road will sell in the mid $400s, while homes in the areas large-lot communities were settling in the $600Ks. The property is being marketed at $50,000 per partially-engineered building lot, for a total sales price of $1,800,000.
Stephen Ferrandi Maryland Land Advisors