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15220 River Rd
Germantown, MD 20874
Land For Sale
·
42.00 AC
INVESTMENT HIGHLIGHTS
- Easily Accessible to Potomac, Washington DC, and Northern VA
- Accessed from River Rd, Manor Stone Dr, or Rive Gauche Subdivision
- Perfect Development Opportunity or Create Your Own Real Estate
EXECUTIVE SUMMARY
The parcels could be used as a single property or subdivided into separate lots, with 4-5 lots accessible through the cul de sac from the Rive Gauche subdivision and 3-4 lots accessible from River Road. It is uncertain which lots would be attributed to Potomac or Darnestown. Out Lot A referenced on the SAMPLE is excluded from the sale. The most recent sale in the adjoining Rive Gauche subdivision was for $1,845,000. In 2020, The Black Rock Subdivision in Darnestown had 10 lots sold in 2020, a 330% increase from 2019. Average lot sales in Potomac within 5 miles of the property averaged $529,656, at an estimated 25% of the out-sale cost. The property is for sale for $4m.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Single Family Development |
| Property Type | Land | Total Lot Size | 42.00 AC |
| Zoning | R-200 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 42.00 AC |
| Zoning | R-200 |
1 LOT AVAILABLE
Lot
| Price | $4,000,000 | Lot Size | 42.00 AC |
| Price Per AC | $95,238.10 |
| Price | $4,000,000 |
| Price Per AC | $95,238.10 |
| Lot Size | 42.00 AC |
42 Acre raw land ready to be subdivided into 8 residential lots.
DESCRIPTION
42 Acre raw land ready to be subdivided into 8 residential lots.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $10,000 | Total Assessment | $10,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,000
Improvements Assessment
$0
Total Assessment
$10,000
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