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Erie County, NY · Sold

NY-587275

2990 County Road 114

$654,000
$6,115/ac · 107 ac
Acreage107 ac
Price per acre$6,115/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedMar 7, 2024
Coordinates42.6743, -78.6663
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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

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

4 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope15.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,766 ft away

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

Buildable area80.43 of 106.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$443,120
$372,008$514,231 · $4,143/ac on 107 ac
Asking vs estimate
+47.6%
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 $654,000
Maximum allowable offer
$253,211
$2,368/ac · +30.0% target margin

You need $400,789 off asking to hit this margin.

All-in cost$274,734
Net resale$407,670
Projected profit$132,936
ROI+48.4%
Annualized+69.3%
Break-even resale$2,792/ac
Profit if resale lands off target
-20%
$51,402
-10%
$92,169
0%
$132,936
+10%
$173,703
+20%
$214,470
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-157590
Landlocked · Power at road
134.4Jul 27, 2026$397,0002,9543,9247.6 mi
80
NY-267812
Gravel · Off grid
157.8Jul 27, 2026$680,9004,3154,78413.5 mi
79
NY-487605
Dirt · Power at road
135.8Jul 26, 2026$563,5004,1484,36910.9 mi
79
NY-248128
Gravel · Off grid
198.4Oct 26, 2025$663,4003,3444,0713.9 mi
75
NY-916134
Dirt · Off grid
46.8Feb 10, 2026$202,4004,3264,2702.8 mi
73
NY-547503
Dirt · Power at road
126.2Jul 24, 2024$443,7003,5173,93911.8 mi
67
NY-476492
Dirt · Off grid
60.6Oct 9, 2024$154,9002,5532,8045.2 mi
67
NY-965837
Landlocked · Power at road
37.7Oct 30, 2025$118,8003,1483,2466.2 mi
64
NY-828640
Gravel · Power at road
287.5Sep 17, 2024$1,254,6004,3645,24410.6 mi
63
NY-715668
Gravel · Off grid
33.4Jun 5, 2025$192,0005,7514,72112.4 mi
62
Show adjustment detail for the top comp
  • Tract size (134.36 ac → 106.95 ac)+6.0%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Power at road → Off grid)-15.0%

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.