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Essex County, MA · Sold

MA-872322

2202 County Road 324

$74,300
$55,448/ac · 1.34 ac
Acreage1.34 ac
Price per acre$55,448/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedJun 26, 2025
Coordinates42.5619, -70.9677
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

Essex County, Massachusetts. Very limited raw supply; wetlands review drives most deals.

View Essex market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
43
Moderate risk
Wetlands43.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

272 ft of deeded road frontage.

Power17 ft away

Power at or near the road.

Buildable area0.72 of 1.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$50,342
$37,726$62,959 · $37,569/ac on 1.34 ac
Asking vs estimate
+47.6%
Priced above the comp set

Weighted from 7 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 $74,300
Maximum allowable offer
$28,767
$21,468/ac · +30.0% target margin

You need $45,533 off asking to hit this margin.

All-in cost$31,212
Net resale$46,315
Projected profit$15,103
ROI+48.4%
Annualized+69.3%
Break-even resale$25,318/ac
Profit if resale lands off target
-20%
$5,840
-10%
$10,471
0%
$15,103
+10%
$19,734
+20%
$24,366
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MA-692750
Gravel · Off grid
1.8Mar 31, 2026$33,40018,27721,95012.0 mi
76
MA-131156
Landlocked · Power at road
0.6Jul 16, 2026$17,20029,66143,42914.1 mi
74
MA-823733
Dirt · Power at road
3.7Jul 27, 2026$141,00037,69944,9834.8 mi
73
MA-981445
Paved · Power at road
0.7Jun 5, 2025$28,40039,93035,3088.8 mi
71
MA-312751
Paved · Off grid
1.8Mar 19, 2025$59,00032,21434,1887.4 mi
69
MA-480656
Paved · Full utilities
0.4Dec 8, 2025$29,80074,51852,7378.9 mi
66
MA-381721
Dirt · Power at road
0.9Mar 22, 2024$21,50024,66831,42411.3 mi
64
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.6%

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.