12471 SomersetPrincess Anne, MD 21853

Off market
$14,426,980 Estimated
  • Automotive properties
  • 7,500 SF

Property Details for 12471 Somerset

Year built
1977
Lot size
1.44 AC
Property size (Sq ft)
7,500 SF
Zone code
C-2
Property type
Automotive properties
APN
01-017047
APU
1017047

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,781,906
    6.5%
    $1,644,837
    7%
    $1,527,348
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,104,064
    Geo Method
    $1,188,999
  • Alternative Use

    Use
    Valuation
    Residential
    $1,387,481
    Hospitality
    $1,270,925
    Educational
    $1,057,395
    Medical
    $1,093,760
    Retail
    $1,644,837
12471 Somerset, Princess Anne, Maryland

Location Insight

City
Princess Anne
County
Somerset
State
Maryland
Latitude
38.2233
Longitude
-75.6935
CBSA code
41540
CBSA name
SALISBURY, MD-DE 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
$3,366
$162,100
$140,600
$302,700
-
$162,100
$140,600
$302,700

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