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Allegany County, NY · Sold

NY-978477

9476 County Road 251

$1,836,000
$7,187/ac · 255 ac
Acreage255 ac
Price per acre$7,187/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedOct 24, 2024
Coordinates42.2953, -78.0537
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Allegany County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Allegany market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands3.7% of tract

Little to no mapped wetland coverage.

Average slope30.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,831 ft of deeded road frontage.

Power4,534 ft away

Service extension needed; get a utility quote.

Buildable area147.61 of 255.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,301,964
$949,407$1,654,520 · $5,096/ac on 255 ac
Asking vs estimate
+41.0%
Priced above the comp set

Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $1,836,000
Maximum allowable offer
$743,979
$2,912/ac · +30.0% target margin

You need $1,092,021 off asking to hit this margin.

All-in cost$807,217
Net resale$1,197,806
Projected profit$390,589
ROI+48.4%
Annualized+69.2%
Break-even resale$3,434/ac
Profit if resale lands off target
-20%
$151,028
-10%
$270,809
0%
$390,589
+10%
$510,370
+20%
$630,151
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-178717
Gravel · Off grid
304.0Apr 23, 2025$1,749,8005,7567,5367.0 mi
74
NY-157932
Gravel · Full utilities
172.1Dec 17, 2024$1,637,7009,5147,4933.7 mi
73
NY-109771
Gravel · Off grid
652.3Jul 27, 2026$1,650,7002,5313,9555.8 mi
73
NY-598860
Gravel · Full utilities
337.2Feb 5, 2025$1,492,0004,4254,1965.8 mi
70
NY-357574
Dirt · Power at road
132.8Jan 10, 2026$658,3004,9574,9516.5 mi
69
NY-177375
Dirt · Off grid
115.0Nov 22, 2025$446,6003,8844,4226.6 mi
68
NY-479990
Gravel · Power at road
764.4Jan 29, 2026$2,286,4002,9914,2573.6 mi
67
NY-107896
Dirt · Power at road
167.7Jan 15, 2025$627,3003,7414,1368.9 mi
66
NY-646888
Dirt · Power at road
80.8Jul 26, 2024$387,4004,7944,4876.8 mi
56
Show adjustment detail for the top comp
  • Tract size (303.98 ac → 255.47 ac)+5.2%
  • Access (Gravel → Paved)+18.0%
  • Market time (16 mo)+5.5%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.