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Erie County, NY · Sold

NY-515013

6474 County Road 118

$192,700
$9,278/ac · 20.77 ac
Acreage20.77 ac
Price per acre$9,278/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedNov 10, 2023
Coordinates42.6981, -78.7781
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

Erie County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Erie market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

685 ft of deeded road frontage.

Power155 ft away

Power at or near the road.

Buildable area18.67 of 20.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$163,927
$129,111$198,742 · $7,892/ac on 20.77 ac
Asking vs estimate
+17.6%
Priced above the comp set

Weighted from 10 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 $192,700
Maximum allowable offer
$93,672
$4,510/ac · +30.0% target margin

You need $99,028 off asking to hit this margin.

All-in cost$101,634
Net resale$150,813
Projected profit$49,179
ROI+48.4%
Annualized+69.3%
Break-even resale$5,319/ac
Profit if resale lands off target
-20%
$19,016
-10%
$34,097
0%
$49,179
+10%
$64,260
+20%
$79,341
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-465080
Gravel · Power at road
21.8Jul 27, 2026$119,8005,4946,5399.4 mi
84
NY-245254
Dirt · Full utilities
24.7Jul 24, 2026$101,8004,1144,7513.2 mi
84
NY-764708
Dirt · Off grid
16.7Feb 28, 2026$91,5005,4918,7944.3 mi
79
NY-575060
Dirt · Power at road
21.5Nov 23, 2025$105,0004,8876,94210.5 mi
79
NY-244052
Dirt · Off grid
10.4Jul 27, 2026$57,9005,5858,3957.7 mi
77
NY-965837
Landlocked · Power at road
37.7Oct 30, 2025$118,8003,1486,1917.5 mi
74
NY-434675
Landlocked · Off grid
16.3Aug 22, 2025$78,0004,7989,9005.9 mi
73
NY-895315
Paved · Off grid
25.9Jan 26, 2025$198,0007,6589,8947.5 mi
73
NY-715668
Gravel · Off grid
33.4Jun 5, 2025$192,0005,7519,0036.8 mi
72
NY-175453
Gravel · Power at road
28.6Dec 18, 2024$199,7006,9919,2374.8 mi
71
Show adjustment detail for the top comp
  • Tract size (21.81 ac → 20.77 ac)+0.7%
  • Access (Gravel → Paved)+18.0%

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.