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Elbert County, CO · Sold

CO-252400

3491 County Road 389

$82,700
$16,152/ac · 5.12 ac
Acreage5.12 ac
Price per acre$16,152/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedApr 9, 2024
Coordinates39.3059, -104.1705
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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

Elbert County, Colorado. Front Range spillover and San Luis Valley off-grid lots moving fast.

View Elbert market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands2.6% of tract

Little to no mapped wetland coverage.

Average slope5.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

565 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area4.74 of 5.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$68,703
$53,965$83,442 · $13,419/ac on 5.12 ac
Asking vs estimate
+20.4%
Priced above the comp set

Weighted from 7 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 $82,700
Maximum allowable offer
$39,259
$7,668/ac · +30.0% target margin

You need $43,441 off asking to hit this margin.

All-in cost$42,596
Net resale$63,207
Projected profit$20,611
ROI+48.4%
Annualized+69.3%
Break-even resale$9,043/ac
Profit if resale lands off target
-20%
$7,970
-10%
$14,290
0%
$20,611
+10%
$26,932
+20%
$33,253
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-602303
Paved · Power at road
4.8Jul 27, 2026$73,30015,37215,8772.4 mi
86
CO-713886
Gravel · Full utilities
15.0Jun 7, 2025$165,40011,00512,5123.9 mi
68
CO-525776
Landlocked · Full utilities
59.1Jul 27, 2026$349,7005,92011,7527.9 mi
66
CO-135736
Gravel · Full utilities
57.4Jul 19, 2026$390,1006,7989,1295.0 mi
66
CO-464650
Paved · Off grid
26.1Feb 6, 2026$299,00011,44416,5276.7 mi
65
CO-804383
Dirt · Power at road
21.5Jul 22, 2024$209,6009,73316,9665.6 mi
54
CO-435709
Dirt · Off grid
56.3Dec 1, 2024$243,1004,32010,3007.0 mi
49
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Full utilities)+22.0%

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.