3 years on rocket

2918 Old Rte 50, Cambridge, MD, 21613

$199,000

1.10 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #1002029632
Lot Size1.10 Acres
StatusActive
(ACTIVE)

About 2918 Old Rte 50

This 1.099 acre parcel of unimproved land in Cambridge, Maryland offers a prime commercial opportunity in a highly sought-after location. Situated along the major east/west corridor of the eastern shore of Maryland, the property benefits from excellent exposure on the heavily trafficked Route 50. The property's commercially zoned designation opens up a wide range of development possibilities, allowing for various business ventures and commercial enterprises. Whether you envision a retail establishment, office space, or a service-oriented business, this property allows for a myriad of uses. One notable advantage of this property is its location in the county, which means there are no town taxes to contend with, potentially reducing operating costs for future businesses. Additionally, being situated along Route 50 ensures a steady stream of passing traffic, offering excellent visibility and the opportunity to attract customers from both local residents and visitors to the area. While the land is currently unimproved, the absence of existing structures presents a blank slate for customized development. As the property is located in the county, any future development would rely on well and septic systems.

Property Details

Property Features

Listing Office:

  • Office Name: SVN/Miller Commercial Real Estate
  • Office Phone: (410) 543-2440
  • Listing Agent: John McClellan

Lot Features

Lot Information:

  • Lot Size: 1.10 Acres

Other

Directions Information:

  • Directions: Located on the east side of Cambridge with exposure on the major Rt 50 east/west corridor.

Municipality:

  • Cambridg

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Cambridge, MD.

Med. Sold Price

$267K

Med. Price/SqFt

$159

Avg. Days On Market

99

# of Sold Homes

24

2918 Old Rte 50 vs Cambridge

1458 DAYS ON ROCKET

+1359 Days

$199,000

-$68K Less

KEY TAKEAWAY

This property is $68K less than the Median Sold Price in Cambridge, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #1002029632

Listing Office:

  • Office Name: SVN/Miller Commercial Real Estate
  • Office Phone: (410) 543-2440
  • Listing Agent: John McClellan

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 8:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-928490
1
/10
  • Choptank Elementary School

  • 1103 Maces Ln

  • 2.70 miles

  • Public District Grades PK-5

school-card-donut-928491
4
/10
  • Maple Elementary School

  • 5225 Egypt Rd

  • 2.93 miles

  • Public District Grades PK-5

school-card-donut-928492
1
/10
  • Sandy Hill Elementary School

  • 1503 Glasgow St

  • 3.21 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,957. Residents of Cambridge, MD typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Cambridge, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Cambridge, MD?

Cambridge offers a diverse housing market with a blend of architectural styles that cater to a range of preferences. The area is characterized by a mix of single-family homes, which form the majority of the housing stock, and a selection of apartments and townhouses. The architectural styles vary, with a notable presence of Victorian, Colonial, and Cape Cod homes that reflect the city's rich history. The housing market is complemented by newer developments that offer modern amenities, catering to contemporary tastes.

Is Cambridge, MD a good place to live?

Cambridge is celebrated for its rich historical heritage and vibrant cultural scene. The community prides itself on its waterfront charm and the sense of camaraderie among residents. Annual events, such as the Cambridge Classic Powerboat Regatta, embody the city's maritime traditions and bring the community together. The city's character is further defined by its scenic landscapes and the preservation of its historical architecture, providing a picturesque backdrop for both residents and visitors.

Are things conveniently located in Cambridge, MD?

The community is served by a network of public schools, including several elementary, middle, and high schools, as well as private educational institutions that offer alternative learning environments. Healthcare services are available through local clinics and a regional hospital that provides a range of medical services. Cambridge also features a public library system that supports the community's educational and informational needs. Retail and dining options are plentiful, with local businesses and restaurants reflecting the area's culinary diversity and cultural heritage.

What does the transportation in Cambridge, MD look like?

Transportation in Cambridge includes a variety of options for residents and visitors. The city's layout and infrastructure support a moderate level of walkability, particularly in the downtown area and along the waterfront. For those relying on public transit, there are bus services that connect key areas of the city, with schedules designed to accommodate the needs of commuters and local travelers. The road network provides easy access to major highways, facilitating travel to nearby cities and attractions. While specific ride-sharing services are available, the city also encourages the use of bicycles, with several bike-friendly routes available.

Frequently Asked Questions About 2918 Old Rte 50

What is the listing price of this property?

The listing price of 2918 Old Rte 50 property is $199,000.

What type of property is this?

The property 2918 Old Rte 50 is land located in Cambridge, Maryland, 21613.

Is this property for sale now?

Active Listing: 2918 Old Rte 50 is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 2918 Old Rte 50 is 1.10 acres.
Rocket Homes logo

Interested in 2918 Old Rte 50? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesMarylandDorchester CountyCambridge216132918 Old Rte 50

This home is located at 2918 Old Rte 50 in Cambridge, MD and zip code 21613. This home sits on a 1.10 acre lot. It has been listed on Rocket Homes since December 24, 2020 and is currently priced at $199,000.

In November 2024, from all listings sold in Cambridge, MD there were more than 3 sold above asking price, over 15 sold below and more than 6 were sold right at the asked price. Between October 2024 and November 2024, Cambridge, MD real estate market has seen decrease in the number of listings by 5.4%. The median list price of listings available in November 2024 was $267,000, while the average time on the real estate market was 99 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources