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Essex County, MA · Sold

MA-131156

1303 County Road 61

$16,400
$28,276/ac · 0.58 ac
Acreage0.58 ac
Price per acre$28,276/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedJun 21, 2025
Coordinates42.7171, -70.7865
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

4 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands14.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power208 ft away

Power at or near the road.

Buildable area0.47 of 0.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,633
$11,256$20,011 · $26,954/ac on 0.58 ac
Asking vs estimate
+4.9%
In line with 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 $16,400
Maximum allowable offer
$8,933
$15,402/ac · +30.0% target margin

You need $7,467 off asking to hit this margin.

All-in cost$9,692
Net resale$14,383
Projected profit$4,690
ROI+48.4%
Annualized+69.3%
Break-even resale$18,164/ac
Profit if resale lands off target
-20%
$1,814
-10%
$3,252
0%
$4,690
+10%
$6,129
+20%
$7,567
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MA-981445
Paved · Power at road
0.7Jun 5, 2025$28,40039,93024,1985.7 mi
80
MA-480656
Paved · Full utilities
0.4Dec 8, 2025$29,80074,51836,1447.4 mi
77
MA-872322
Gravel · Power at road
1.3Dec 2, 2025$72,10053,78437,94914.1 mi
69
MA-692750
Gravel · Off grid
1.8Mar 31, 2026$33,40018,27715,0443.1 mi
68
MA-381721
Dirt · Power at road
0.9Mar 22, 2024$21,50024,66821,5377.6 mi
66
MA-312751
Paved · Off grid
1.8Mar 19, 2025$59,00032,21423,4316.7 mi
59
MA-490038
Dirt · Off grid
0.3Jan 4, 2024$8,50028,35029,18310.6 mi
58
Show adjustment detail for the top comp
  • Access (Paved → Landlocked)-42.4%
  • Market time (14 mo)+5.0%

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.