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Erie County, NY · Sold

NY-828640

1280 County Road 237

$1,315,100
$4,574/ac · 287 ac
Acreage287 ac
Price per acre$4,574/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedJul 11, 2024
Coordinates42.8026, -78.7821
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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
26
Low risk
Wetlands15.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power21 ft away

Power at or near the road.

Buildable area231.88 of 287.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,050,697
$864,456$1,236,939 · $3,655/ac on 287 ac
Asking vs estimate
+25.2%
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 $1,315,100
Maximum allowable offer
$600,399
$2,088/ac · +30.0% target margin

You need $714,701 off asking to hit this margin.

All-in cost$651,433
Net resale$966,642
Projected profit$315,209
ROI+48.4%
Annualized+69.2%
Break-even resale$2,463/ac
Profit if resale lands off target
-20%
$121,880
-10%
$218,545
0%
$315,209
+10%
$411,873
+20%
$508,537
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-267812
Gravel · Off grid
157.8Jul 27, 2026$680,9004,3154,3014.9 mi
79
NY-487605
Dirt · Power at road
135.8Jul 26, 2026$563,5004,1483,9281.9 mi
78
NY-248128
Gravel · Off grid
198.4Oct 26, 2025$663,4003,3443,6606.9 mi
74
NY-218818
Paved · Off grid
327.1Aug 19, 2025$1,028,5003,1453,3917.7 mi
74
NY-157590
Landlocked · Power at road
134.4Jul 27, 2026$397,0002,9543,5278.7 mi
73
NY-329703
Landlocked · Power at road
620.9Dec 27, 2025$772,2001,2442,3621.9 mi
73
NY-309442
Gravel · Power at road
514.0May 18, 2025$1,649,0003,2084,0116.2 mi
71
NY-149753
Dirt · Power at road
643.9Mar 1, 2026$1,278,9001,9862,9955.8 mi
71
NY-587275
Gravel · Off grid
107.0Mar 4, 2025$546,1005,1064,87010.6 mi
65
NY-547503
Dirt · Power at road
126.2Jul 24, 2024$443,7003,5173,5414.7 mi
64
Show adjustment detail for the top comp
  • Tract size (157.8 ac → 287.49 ac)-15.5%
  • Utilities (Off grid → Power at road)+17.6%

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.