← New search
Craven County, NC · Sold

NC-939562

3087 County Road 197

$1,606,900
$3,503/ac · 459 ac
Acreage459 ac
Price per acre$3,503/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJul 25, 2026
Coordinates35.0728, -77.0554
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

Craven County, North Carolina. Piedmont builder demand plus mountain view lots in the west.

View Craven market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands30.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

4,123 ft of deeded road frontage.

Power14,236 ft away

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

Buildable area302.86 of 458.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,280,441
$1,092,352$1,468,529 · $2,791/ac on 459 ac
Asking vs estimate
+25.5%
Priced above the comp set

Weighted from 5 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 $1,606,900
Maximum allowable offer
$731,680
$1,595/ac · +30.0% target margin

You need $875,220 off asking to hit this margin.

All-in cost$793,873
Net resale$1,178,005
Projected profit$384,133
ROI+48.4%
Annualized+69.2%
Break-even resale$1,881/ac
Profit if resale lands off target
-20%
$148,532
-10%
$266,332
0%
$384,133
+10%
$501,933
+20%
$619,734
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-299975
Landlocked · Power at road
618.7May 9, 2026$1,506,1002,4343,3699.3 mi
76
NC-239716
Dirt · Power at road
512.9Nov 8, 2024$1,270,0002,4762,7198.0 mi
71
NC-109170
Landlocked · Off grid
345.3Oct 24, 2024$571,1001,6542,4056.1 mi
71
NC-156739
Landlocked · Full utilities
59.4Jul 27, 2026$230,5003,8852,3162.5 mi
65
NC-246790
Gravel · Power at road
61.6Aug 4, 2025$370,5006,0173,1224.0 mi
59
Show adjustment detail for the top comp
  • Tract size (618.69 ac → 458.71 ac)+9.5%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (3 mo)+1.1%

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.