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Allegany County, NY · Sold

NY-479990

8621 County Road 151

$2,487,900
$3,255/ac · 764 ac
Acreage764 ac
Price per acre$3,255/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 27, 2025
Coordinates42.2887, -78.1242
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

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope16.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

6,091 ft of deeded road frontage.

Power163 ft away

Power at or near the road.

Buildable area578.53 of 764.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,185,999
$2,293,920$4,078,079 · $4,168/ac on 764 ac
Asking vs estimate
-21.9%
Priced below the comp set

Weighted from 6 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 $2,487,900
Maximum allowable offer
$1,820,571
$2,382/ac · +30.0% target margin

You need $667,329 off asking to hit this margin.

All-in cost$1,975,320
Net resale$2,931,119
Projected profit$955,800
ROI+48.4%
Annualized+69.2%
Break-even resale$2,809/ac
Profit if resale lands off target
-20%
$369,576
-10%
$662,688
0%
$955,800
+10%
$1,248,912
+20%
$1,542,024
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-109771
Gravel · Off grid
652.3Jul 27, 2026$1,650,7002,5312,8429.0 mi
83
NY-978477
Paved · Off grid
255.5Nov 5, 2025$1,938,8007,5895,6313.6 mi
65
NY-598860
Gravel · Full utilities
337.2Feb 5, 2025$1,492,0004,4253,0158.8 mi
63
NY-157932
Gravel · Full utilities
172.1Dec 17, 2024$1,637,7009,5145,3840.1 mi
62
NY-178717
Gravel · Off grid
304.0Apr 23, 2025$1,749,8005,7565,41510.5 mi
62
NY-107896
Dirt · Power at road
167.7Jan 15, 2025$627,3003,7412,97211.5 mi
55
Show adjustment detail for the top comp
  • Tract size (652.3 ac → 764.44 ac)-4.8%
  • Utilities (Off grid → Power at road)+17.6%

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.