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Erie County, NY · Sold

NY-547503

1486 County Road 229

$528,800
$4,192/ac · 126 ac
Acreage126 ac
Price per acre$4,192/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJun 11, 2024
Coordinates42.8418, -78.7074
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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

2 items to verify before you offer.

Risk index
15
Low risk
Wetlands11.9% of tract

Little to no mapped wetland coverage.

Average slope7.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,375 ft of deeded road frontage.

Power137 ft away

Power at or near the road.

Buildable area105.58 of 126.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$514,134
$420,920$607,347 · $4,076/ac on 126 ac
Asking vs estimate
+2.9%
In line with 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 $528,800
Maximum allowable offer
$293,791
$2,329/ac · +30.0% target margin

You need $235,009 off asking to hit this margin.

All-in cost$318,763
Net resale$473,003
Projected profit$154,240
ROI+48.4%
Annualized+69.2%
Break-even resale$2,747/ac
Profit if resale lands off target
-20%
$59,639
-10%
$106,940
0%
$154,240
+10%
$201,540
+20%
$248,841
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-487605
Dirt · Power at road
135.8Jul 26, 2026$563,5004,1484,2396.6 mi
88
NY-267812
Gravel · Off grid
157.8Jul 27, 2026$680,9004,3154,6419.3 mi
84
NY-157590
Landlocked · Power at road
134.4Jul 27, 2026$397,0002,9543,80712.5 mi
82
NY-248128
Gravel · Off grid
198.4Oct 26, 2025$663,4003,3443,9508.9 mi
69
NY-587275
Gravel · Off grid
107.0Mar 4, 2025$546,1005,1065,25511.8 mi
69
NY-476492
Dirt · Off grid
60.6Oct 9, 2024$154,9002,5532,7216.7 mi
69
NY-965837
Landlocked · Power at road
37.7Oct 30, 2025$118,8003,1483,1495.9 mi
69
NY-916134
Dirt · Off grid
46.8Feb 10, 2026$202,4004,3264,1439.0 mi
67
NY-828640
Gravel · Power at road
287.5Sep 17, 2024$1,254,6004,3645,0884.7 mi
64
NY-218818
Paved · Off grid
327.1Aug 19, 2025$1,028,5003,1453,65912.4 mi
60
Show adjustment detail for the top comp
  • Tract size (135.83 ac → 126.15 ac)+1.9%

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.