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Covington County, AL · Sold

AL-389932

2844 County Road 56

$1,325,100
$1,989/ac · 666 ac
Acreage666 ac
Price per acre$1,989/ac
ZoningMixed Use
Road accessPaved
UtilitiesFull utilities
TopographyFlat
ListedAug 31, 2023
Coordinates31.2567, -86.3734
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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

3 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands41.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

5,353 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area369.06 of 666.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,619,486
$1,272,690$1,966,282 · $2,430/ac on 666 ac
Asking vs estimate
-18.2%
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 $1,325,100
Maximum allowable offer
$925,420
$1,389/ac · +30.0% target margin

You need $399,680 off asking to hit this margin.

All-in cost$1,004,081
Net resale$1,489,927
Projected profit$485,846
ROI+48.4%
Annualized+69.2%
Break-even resale$1,638/ac
Profit if resale lands off target
-20%
$187,861
-10%
$336,854
0%
$485,846
+10%
$634,839
+20%
$783,832
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-479564
Dirt · Off grid
510.4Jul 27, 2026$580,3001,1372,0693.4 mi
82
AL-789439
Gravel · Power at road
466.2Apr 17, 2026$983,1002,1092,7619.1 mi
74
AL-558911
Dirt · Off grid
318.0Dec 29, 2025$545,0001,7142,7745.1 mi
69
AL-958617
Gravel · Off grid
257.0Jul 26, 2026$649,8002,5283,2329.6 mi
69
AL-298866
Dirt · Off grid
307.8Apr 18, 2026$357,5001,1611,8399.7 mi
68
AL-458565
Dirt · Off grid
247.5Aug 18, 2024$289,8001,1711,8615.6 mi
59
Show adjustment detail for the top comp
  • Tract size (510.42 ac → 666.35 ac)-7.8%
  • Access (Dirt → Paved)+37.2%
  • 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.