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Elbert County, CO · Sold

CO-464650

1233 County Road 198

$279,200
$10,685/ac · 26.13 ac
Acreage26.13 ac
Price per acre$10,685/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedMay 14, 2025
Coordinates39.4021, -104.1674
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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

1 item to verify before you offer.

Risk index
18
Low risk
Wetlands9.8% of tract

Little to no mapped wetland coverage.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,288 ft of deeded road frontage.

Power9,364 ft away

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

Buildable area22.39 of 26.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$225,619
$180,688$270,550 · $8,634/ac on 26.13 ac
Asking vs estimate
+23.7%
Priced above 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 $279,200
Maximum allowable offer
$128,925
$4,934/ac · +30.0% target margin

You need $150,275 off asking to hit this margin.

All-in cost$139,884
Net resale$207,570
Projected profit$67,686
ROI+48.4%
Annualized+69.3%
Break-even resale$5,819/ac
Profit if resale lands off target
-20%
$26,172
-10%
$46,929
0%
$67,686
+10%
$88,443
+20%
$109,200
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-225839
Landlocked · Off grid
61.8Jul 27, 2026$267,2004,3218,7973.0 mi
76
CO-525776
Landlocked · Full utilities
59.1Jul 27, 2026$349,7005,9208,31513.0 mi
73
CO-135736
Gravel · Full utilities
57.4Jul 19, 2026$390,1006,7986,46011.6 mi
69
CO-804383
Dirt · Power at road
21.5Jul 22, 2024$209,6009,73312,0056.8 mi
69
CO-713886
Gravel · Full utilities
15.0Jun 7, 2025$165,40011,0058,8536.1 mi
68
CO-435709
Dirt · Off grid
56.3Dec 1, 2024$243,1004,3207,2886.7 mi
64
Show adjustment detail for the top comp
  • Tract size (61.84 ac → 26.13 ac)+17.1%
  • Access (Landlocked → Paved)+73.5%

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.