75 Weed Ln, Elkton, MD 21921

Property Description

**Exceptional Redevelopment Opportunity – Improved Building Lot with Existing Foundation!** An outstanding opportunity to rebuild in a quiet setting on just under half an acre. This fire-damaged property offers significant value beyond the land itself, with an existing poured concrete foundation and footprint for a spacious 4-bedroom, 3.5-bath home. The existing structure requires demolition, with the seller having obtained an estimate of approximately $22,000. A builder has indicated that the existing poured foundation can be reused, potentially providing substantial savings in construction costs and time, subject to buyer verification and applicable approvals. Unlike purchasing an unimproved building lot, this property already features numerous valuable improvements, including a gravity septic system, private well, granite in-ground swimming pool, paved driveway, 6-foot vinyl privacy fence, detached screened gazebo, and storage shed. With an estimated land value alone of $125,000, the property presents a compelling opportunity when considering the additional value of the existing foundation, utilities, pool, and other improvements. Recreating these features on a vacant lot could represent a significant additional investment. **Bring your builder and envision the possibilities!** Whether rebuilding within the existing footprint or designing your next home around the property's established improvements, this is a rare opportunity to acquire an already improved residential building site with much of the costly groundwork potentially in place. Property is being sold **AS-IS**. Buyer to perform all due diligence regarding demolition, foundation reuse, existing improvements, utilities, permits, and rebuilding requirements.