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Covington County, AL · Sold

AL-583493

9532 County Road 38

$23,900
$3,806/ac · 6.28 ac
Acreage6.28 ac
Price per acre$3,806/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedMar 21, 2024
Coordinates31.1687, -86.3348
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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

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands19.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

262 ft of deeded road frontage.

Power13,634 ft away

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

Buildable area4.78 of 6.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$20,217
$15,774$24,660 · $3,219/ac on 6.28 ac
Asking vs estimate
+18.2%
Priced above the comp set

Weighted from 10 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 $23,900
Maximum allowable offer
$11,553
$1,840/ac · +30.0% target margin

You need $12,347 off asking to hit this margin.

All-in cost$12,535
Net resale$18,600
Projected profit$6,065
ROI+48.4%
Annualized+69.2%
Break-even resale$2,170/ac
Profit if resale lands off target
-20%
$2,345
-10%
$4,205
0%
$6,065
+10%
$7,925
+20%
$9,785
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-783035
Paved · Full utilities
4.5Jul 27, 2026$20,4004,5312,6399.5 mi
77
AL-954697
Dirt · Off grid
15.0Jul 27, 2026$41,3002,7533,43815.0 mi
73
AL-122019
Gravel · Power at road
2.2Jul 27, 2026$7,2003,3252,72513.8 mi
73
AL-273542
Dirt · Power at road
6.5Jan 16, 2025$13,9002,1292,24914.9 mi
69
AL-394000
Dirt · Off grid
9.1Apr 3, 2025$30,3003,3414,2079.7 mi
69
AL-542228
Dirt · Off grid
2.5Jul 15, 2025$5,5002,1912,57213.2 mi
66
AL-711881
Landlocked · Full utilities
1.9Nov 8, 2025$8,1004,1404,2044.3 mi
64
AL-934064
Dirt · Power at road
9.5Dec 5, 2024$23,4002,4592,67513.8 mi
63
AL-712620
Landlocked · Off grid
3.3Nov 18, 2024$8,7002,5903,97812.2 mi
62
AL-915101
Gravel · Full utilities
20.1Aug 28, 2025$93,1004,6253,71910.5 mi
61
Show adjustment detail for the top comp
  • Tract size (4.51 ac → 6.28 ac)-1.6%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Off grid)-30.3%

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.