220 ChesapeakeElkton, MD 21921

  • Office properties
  • 2,380 SF
Off market
$1,392,589 Estimated

Property Details for 220 Chesapeake

Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.00 AC
Property size (Sq ft)
2,380 SF
Zone code
BI
Property type
Office properties
Property subtype
Office buildings
APN
03-120694
APU
3120694

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $886,333
    6.5%
    $818,153
    7%
    $759,714
  • Comparable approach

    Method
    Valuation
    Relative Method
    $439,923
    Geo Method
    $310,971
  • Alternative Use

    Use
    Valuation
    Residential
    $1,014,510
    Hospitality
    $929,286
    Educational
    $773,155
    Medical
    $799,745
    Retail
    $1,202,685
220 Chesapeake, Elkton, Maryland

Location Insight

City
Elkton
County
Cecil
State
Maryland
Latitude
39.5958
Longitude
-75.7898
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $750,900
  • Assessed land value
    $400,000
  • Assessed value
    $1,150,900
  • Tax year
    2023
  • Tax bill
    $20,026

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