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Covington County, AL · Sold

AL-783035

5350 County Road 340

$24,300
$5,388/ac · 4.51 ac
Acreage4.51 ac
Price per acre$5,388/ac
ZoningUnzoned
Road accessPaved
UtilitiesFull utilities
TopographyWooded
ListedJun 22, 2026
Coordinates31.2991, -86.3832
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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

1 item to verify before you offer.

Risk index
17
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope7.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area4.00 of 4.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$25,927
$20,243 – $31,612 · $5,749/ac on 4.51 ac
Asking vs estimate
-6.3%
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 $24,300
Maximum allowable offer
$14,816
$3,285/ac · +30.0% target margin

You need $9,484 off asking to hit this margin.

All-in cost$16,075
Net resale$23,853
Projected profit$7,778
ROI+48.4%
Annualized+69.2%
Break-even resale$3,874/ac
Profit if resale lands off target
-20%
$3,007
-10%
$5,393
0%
$7,778
+10%
$10,163
+20%
$12,549
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-122019
Gravel · Power at road
2.2Jul 27, 2026$7,2003,3254,7168.4 mi
71
AL-711881
Landlocked · Full utilities
1.9Nov 8, 2025$8,1004,1407,2745.2 mi
68
AL-273542
Dirt · Power at road
6.5Jan 16, 2025$13,9002,1293,8908.7 mi
67
AL-583493
Gravel · Off grid
6.3Feb 20, 2025$22,7003,6156,6459.5 mi
67
AL-712620
Landlocked · Off grid
3.3Nov 18, 2024$8,7002,5906,88212.2 mi
65
AL-954697
Dirt · Off grid
15.0Jul 27, 2026$41,3002,7535,94910.7 mi
64
AL-542228
Dirt · Off grid
2.5Jul 15, 2025$5,5002,1914,45010.5 mi
64
AL-394000
Dirt · Off grid
9.1Apr 3, 2025$30,3003,3417,2797.5 mi
63
AL-934064
Dirt · Power at road
9.5Dec 5, 2024$23,4002,4594,62715.0 mi
58
Show adjustment detail for the top comp
  • Tract size (2.16 ac → 4.51 ac)-2.2%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (2 mo)+0.8%

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.