← New search
Iredell County, NC · Sold

NC-896359

8497 County Road 42

$343,200
$7,617/ac · 45.06 ac
Acreage45.06 ac
Price per acre$7,617/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedSep 7, 2023
Coordinates35.7488, -80.8415
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

Iredell County, North Carolina. Piedmont builder demand plus mountain view lots in the west.

View Iredell market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope9.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

669 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area41.14 of 45.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$447,069
$367,349$526,789 · $9,922/ac on 45.06 ac
Asking vs estimate
-23.2%
Priced below 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 $343,200
Maximum allowable offer
$255,468
$5,670/ac · +30.0% target margin

You need $87,732 off asking to hit this margin.

All-in cost$277,183
Net resale$411,303
Projected profit$134,121
ROI+48.4%
Annualized+69.2%
Break-even resale$6,686/ac
Profit if resale lands off target
-20%
$51,860
-10%
$92,990
0%
$134,121
+10%
$175,251
+20%
$216,381
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-525876
Dirt · Power at road
31.8May 24, 2026$203,4006,4048,6163.3 mi
83
NC-387239
Gravel · Off grid
85.3Jul 27, 2026$447,7005,2528,6666.1 mi
77
NC-165995
Landlocked · Full utilities
34.6Jan 28, 2025$218,9006,3239,4395.4 mi
77
NC-526026
Landlocked · Power at road
35.4Oct 22, 2024$230,1006,49812,0066.8 mi
73
NC-357929
Dirt · Off grid
140.5Jul 27, 2026$484,2003,4457,4946.3 mi
69
NC-806865
Landlocked · Off grid
65.0Feb 19, 2024$325,6005,00812,5929.0 mi
63
NC-607972
Gravel · Off grid
145.0Sep 20, 2025$841,1005,80111,33110.8 mi
62
Show adjustment detail for the top comp
  • Tract size (31.76 ac → 45.06 ac)-6.1%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (3 mo)+1.0%

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.