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Herkimer County, NY · Sold

NY-134789

3745 County Road 163

$38,300
$2,169/ac · 17.66 ac
Acreage17.66 ac
Price per acre$2,169/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedOct 7, 2025
Coordinates43.5970, -74.8898
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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

5 items to verify before you offer.

Risk index
52
Moderate risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.6%

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.

Power13,270 ft away

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

Buildable area14.18 of 17.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$53,909
$45,802$62,016 · $3,053/ac on 17.66 ac
Asking vs estimate
-29.0%
Priced below the comp set

Weighted from 8 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 $38,300
Maximum allowable offer
$30,805
$1,744/ac · +30.0% target margin

You need $7,495 off asking to hit this margin.

All-in cost$33,423
Net resale$49,596
Projected profit$16,173
ROI+48.4%
Annualized+69.3%
Break-even resale$2,057/ac
Profit if resale lands off target
-20%
$6,254
-10%
$11,213
0%
$16,173
+10%
$21,132
+20%
$26,092
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-296073
Gravel · Power at road
44.8Jul 27, 2026$257,1005,7423,84210.3 mi
69
NY-675630
Gravel · Off grid
32.5Feb 25, 2024$127,7003,9333,2197.8 mi
67
NY-815412
Gravel · Off grid
27.7Apr 2, 2024$113,5004,0913,2536.0 mi
67
NY-823750
Dirt · Off grid
8.3Jul 17, 2025$29,0003,4832,6857.2 mi
66
NY-426925
Gravel · Off grid
83.0Jun 30, 2026$289,6003,4893,1449.2 mi
65
NY-572991
Dirt · Off grid
4.8Jul 5, 2025$14,9003,1072,3264.3 mi
62
NY-996588
Gravel · Off grid
65.0Oct 12, 2024$233,4003,5903,2808.4 mi
56
NY-332425
Dirt · Power at road
3.2Dec 17, 2024$12,7003,9692,5425.0 mi
54
Show adjustment detail for the top comp
  • Tract size (44.77 ac → 17.66 ac)+15.5%
  • Access (Gravel → Landlocked)-32.0%
  • 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.