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Covington County, AL · Sold

AL-566143

8477 County Road 293

$57,100
$1,333/ac · 42.82 ac
Acreage42.82 ac
Price per acre$1,333/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedJul 10, 2025
Coordinates31.2322, -86.4580
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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

Covington County, Alabama. Timber tracts and hunting land across the Black Belt and Appalachian foothills.

View Covington market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
51
Moderate risk
Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power13,970 ft away

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

Buildable area34.29 of 42.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$77,681
$56,859$98,503 · $1,814/ac on 42.82 ac
Asking vs estimate
-26.5%
Priced below 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 $57,100
Maximum allowable offer
$44,389
$1,037/ac · +30.0% target margin

You need $12,711 off asking to hit this margin.

All-in cost$48,162
Net resale$71,467
Projected profit$23,305
ROI+48.4%
Annualized+69.3%
Break-even resale$1,223/ac
Profit if resale lands off target
-20%
$9,011
-10%
$16,158
0%
$23,305
+10%
$30,451
+20%
$37,598
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-466426
Dirt · Full utilities
52.6Mar 8, 2026$99,6001,8941,1063.8 mi
79
AL-765418
Gravel · Off grid
25.3Nov 22, 2025$72,8002,8741,8452.4 mi
79
AL-195922
Gravel · Off grid
36.5Dec 29, 2024$151,5004,1542,9317.8 mi
72
AL-954697
Dirt · Off grid
15.0Jul 27, 2026$41,3002,7531,8706.5 mi
71
AL-595411
Paved · Power at road
25.2Aug 27, 2025$72,5002,8761,3423.7 mi
70
AL-795652
Gravel · Off grid
30.0Jan 30, 2025$82,9002,7641,8817.9 mi
70
AL-915101
Gravel · Full utilities
20.1Aug 28, 2025$93,1004,6252,0235.1 mi
67
AL-217446
Landlocked · Off grid
110.0Dec 26, 2024$139,2001,2651,6674.8 mi
66
AL-244861
Landlocked · Full utilities
16.9Dec 30, 2024$44,7002,6391,7072.4 mi
66
Show adjustment detail for the top comp
  • Tract size (52.56 ac → 42.82 ac)+4.1%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (5 mo)+1.8%

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.