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Allegany County, NY · Sold

NY-109771

8261 County Road 347

$1,856,800
$2,847/ac · 652 ac
Acreage652 ac
Price per acre$2,847/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedOct 21, 2025
Coordinates42.2584, -77.9526
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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

4 items to verify before you offer.

Risk index
25
Low risk
Wetlands17.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,739 ft of deeded road frontage.

Power12,332 ft away

A long utility run — price in solar/off-grid instead.

Buildable area508.76 of 652.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,399,045
$1,727,312$3,070,777 · $3,678/ac on 652 ac
Asking vs estimate
-22.6%
Priced below the comp set

Weighted from 7 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 $1,856,800
Maximum allowable offer
$1,370,883
$2,102/ac · +30.0% target margin

You need $485,917 off asking to hit this margin.

All-in cost$1,487,408
Net resale$2,207,121
Projected profit$719,713
ROI+48.4%
Annualized+69.2%
Break-even resale$2,479/ac
Profit if resale lands off target
-20%
$278,289
-10%
$499,001
0%
$719,713
+10%
$940,425
+20%
$1,161,138
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-479990
Gravel · Power at road
764.4Jan 29, 2026$2,286,4002,9912,7309.0 mi
79
NY-178717
Gravel · Off grid
304.0Apr 23, 2025$1,749,8005,7564,8331.9 mi
72
NY-598860
Gravel · Full utilities
337.2Feb 5, 2025$1,492,0004,4252,6901.0 mi
70
NY-978477
Paved · Off grid
255.5Nov 5, 2025$1,938,8007,5895,0255.8 mi
67
NY-107896
Dirt · Power at road
167.7Jan 15, 2025$627,3003,7412,6523.8 mi
62
NY-357574
Dirt · Power at road
132.8Jan 10, 2026$658,3004,9573,1756.0 mi
60
NY-157932
Gravel · Full utilities
172.1Dec 17, 2024$1,637,7009,5144,8059.0 mi
58
Show adjustment detail for the top comp
  • Tract size (764.44 ac → 652.3 ac)+5.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (7 mo)+2.3%

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.