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Herkimer County, NY · Sold

NY-815412

1466 County Road 297

$123,500
$4,452/ac · 27.74 ac
Acreage27.74 ac
Price per acre$4,452/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedFeb 16, 2024
Coordinates43.6642, -74.8132
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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

Herkimer County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Herkimer market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope5.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

781 ft of deeded road frontage.

Power7,418 ft away

A long utility run — price in solar/off-grid instead.

Buildable area25.33 of 27.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$117,414
$97,023$137,805 · $4,233/ac on 27.74 ac
Asking vs estimate
+5.2%
Priced above the comp set

Weighted from 6 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 $123,500
Maximum allowable offer
$67,094
$2,419/ac · +30.0% target margin

You need $56,406 off asking to hit this margin.

All-in cost$72,797
Net resale$108,021
Projected profit$35,224
ROI+48.4%
Annualized+69.2%
Break-even resale$2,852/ac
Profit if resale lands off target
-20%
$13,620
-10%
$24,422
0%
$35,224
+10%
$46,026
+20%
$56,828
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-296073
Gravel · Power at road
44.8Jul 27, 2026$257,1005,7425,31313.5 mi
75
NY-426925
Gravel · Off grid
83.0Jun 30, 2026$289,6003,4894,34911.0 mi
75
NY-134789
Landlocked · Off grid
17.7Nov 15, 2025$37,2002,1063,0046.0 mi
74
NY-675630
Gravel · Off grid
32.5Feb 25, 2024$127,7003,9334,45213.7 mi
69
NY-823750
Dirt · Off grid
8.3Jul 17, 2025$29,0003,4833,7139.8 mi
65
NY-996588
Gravel · Off grid
65.0Oct 12, 2024$233,4003,5904,53611.0 mi
62
Show adjustment detail for the top comp
  • Tract size (44.77 ac → 27.74 ac)+8.6%
  • Utilities (Power at road → Off grid)-15.0%

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.