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Charlotte County, VA · Sold

VA-172583

1489 County Road 248

$49,000
$16,781/ac · 2.92 ac
Acreage2.92 ac
Price per acre$16,781/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJun 24, 2024
Coordinates37.0521, -78.6817
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

Charlotte County, Virginia. Shenandoah and Southside tracts with easement upside.

View Charlotte market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

364 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area2.61 of 2.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$52,831
$38,608$67,053 · $18,093/ac on 2.92 ac
Asking vs estimate
-7.3%
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 $49,000
Maximum allowable offer
$30,189
$10,339/ac · +30.0% target margin

You need $18,811 off asking to hit this margin.

All-in cost$32,755
Net resale$48,604
Projected profit$15,849
ROI+48.4%
Annualized+69.2%
Break-even resale$12,193/ac
Profit if resale lands off target
-20%
$6,128
-10%
$10,989
0%
$15,849
+10%
$20,710
+20%
$25,570
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-552499
Dirt · Off grid
2.8Jul 17, 2026$35,60012,95321,6555.5 mi
84
VA-442316
Paved · Full utilities
2.4Jul 14, 2026$67,20027,87023,5886.9 mi
83
VA-403206
Gravel · Power at road
4.6Jul 27, 2026$42,7009,31211,5674.0 mi
81
VA-273811
Paved · Full utilities
7.1Jul 27, 2026$154,40021,68019,1355.3 mi
74
VA-132097
Dirt · Power at road
2.1Jun 7, 2024$17,8008,62213,2434.2 mi
73
VA-390944
Landlocked · Full utilities
0.9Jul 27, 2026$8,3009,30413,4376.6 mi
70
VA-634165
Dirt · Off grid
9.2Jan 26, 2026$122,10013,27323,9676.1 mi
64
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.