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Herkimer County, NY · Sold

NY-889307

4385 County Road 157

$1,050,400
$2,254/ac · 466 ac
Acreage466 ac
Price per acre$2,254/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedNov 12, 2024
Coordinates43.5754, -74.8838
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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

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands13.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,122 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area385.22 of 466.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,246,680
$1,018,789$1,474,572 · $2,675/ac on 466 ac
Asking vs estimate
-15.7%
Priced below the comp set

Weighted from 10 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 $1,050,400
Maximum allowable offer
$712,389
$1,528/ac · +30.0% target margin

You need $338,011 off asking to hit this margin.

All-in cost$772,942
Net resale$1,146,946
Projected profit$374,004
ROI+48.4%
Annualized+69.2%
Break-even resale$1,803/ac
Profit if resale lands off target
-20%
$144,615
-10%
$259,309
0%
$374,004
+10%
$488,698
+20%
$603,393
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-209047
Gravel · Power at road
386.1Mar 30, 2026$1,119,1002,8993,3964.8 mi
82
NY-919831
Landlocked · Full utilities
681.3Apr 12, 2026$958,4001,4072,3557.3 mi
81
NY-129388
Gravel · Power at road
494.3May 21, 2024$1,024,2002,0722,8154.2 mi
75
NY-498303
Gravel · Off grid
225.2Jan 8, 2026$472,9002,1002,4987.2 mi
75
NY-769380
Gravel · Off grid
491.4Mar 29, 2024$1,075,8002,1893,5125.9 mi
74
NY-988210
Dirt · Power at road
210.5Jul 27, 2026$572,4002,7193,0665.2 mi
73
NY-448552
Dirt · Off grid
269.7Oct 16, 2025$413,5001,5332,2543.3 mi
71
NY-848193
Gravel · Off grid
208.0Feb 11, 2025$414,9001,9952,4075.2 mi
71
NY-537705
Paved · Power at road
146.0Jul 27, 2026$396,7002,7172,0216.6 mi
69
NY-848352
Paved · Off grid
233.3Nov 1, 2025$514,6002,2052,2639.5 mi
66
Show adjustment detail for the top comp
  • Tract size (386.07 ac → 466.08 ac)-5.5%
  • Utilities (Power at road → Full utilities)+22.0%
  • 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.