87 Cherry HlElkton, MD 21921

Off market
$18,635,060 Estimated
  • Auto shops
  • 2,240 SF

Property Details for 87 Cherry Hl

Year built
1900
Construction
STEEL FRAME
Lot size
1.86 AC
Property size (Sq ft)
2,240 SF
Zone code
VR
Property type
Auto shops
APN
03-028003
APU
3028003

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $858,225
    6.5%
    $792,208
    7%
    $735,622
  • Comparable approach

    Method
    Valuation
    Relative Method
    $730,576
    Geo Method
    $737,550
  • Alternative Use

    Use
    Valuation
    Residential
    $668,257
    Hospitality
    $612,120
    Educational
    $509,277
    Medical
    $526,791
    Retail
    $792,208
87 Cherry Hl, Elkton, Maryland

Location Insight

City
Elkton
County
Cecil
State
Maryland
Latitude
39.6575
Longitude
-75.8527
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
$1,967
-
-
$188,800
-
$106,500
$117,500
$224,000

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