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Franklin County, VA · Sold

VA-659665

2923 County Road 47

$1,655,400
$3,349/ac · 494 ac
Acreage494 ac
Price per acre$3,349/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedAug 24, 2023
Coordinates37.0506, -79.8557
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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

Franklin County, Virginia. Shenandoah and Southside tracts with easement upside.

View Franklin market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
22
Low risk
Wetlands11.8% of tract

Little to no mapped wetland coverage.

Average slope6.1%

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.

PowerOn site

Power at or near the road.

Buildable area414.13 of 494.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,770,426
$1,442,443$2,098,408 · $3,582/ac on 494 ac
Asking vs estimate
-6.5%
Priced below the comp set

Weighted from 4 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 $1,655,400
Maximum allowable offer
$1,011,672
$2,047/ac · +30.0% target margin

You need $643,728 off asking to hit this margin.

All-in cost$1,097,664
Net resale$1,628,792
Projected profit$531,127
ROI+48.4%
Annualized+69.2%
Break-even resale$2,414/ac
Profit if resale lands off target
-20%
$205,369
-10%
$368,248
0%
$531,127
+10%
$694,007
+20%
$856,886
Comparable sales4 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-558344
Dirt · Power at road
189.8Dec 26, 2025$589,7003,1072,9463.2 mi
70
VA-108198
Dirt · Full utilities
170.8Sep 21, 2025$679,7003,9803,0388.9 mi
66
VA-217053
Paved · Power at road
74.5May 31, 2025$592,9007,9594,4384.4 mi
56
VA-787494
Gravel · Off grid
102.5Aug 12, 2024$497,7004,8534,1834.8 mi
54
Show adjustment detail for the top comp
  • Tract size (189.82 ac → 494.25 ac)-24.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (8 mo)+2.7%

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.