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Kent County, DE · Sold

DE-159236

435 County Road 198

$4,336,500
$21,549/ac · 201 ac
Acreage201 ac
Price per acre$21,549/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyMixed
ListedFeb 8, 2024
Coordinates39.0255, -75.4415
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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

Kent County, Delaware. Small coastal-adjacent tracts with strong residential conversion demand.

View Kent market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands1.8% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,360 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area187.74 of 201.24 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,253,104
$2,672,658$3,833,550 · $16,165/ac on 201 ac
Asking vs estimate
+33.3%
Priced above 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 $4,336,500
Maximum allowable offer
$1,858,917
$9,237/ac · +30.0% target margin

You need $2,477,583 off asking to hit this margin.

All-in cost$2,016,925
Net resale$2,992,856
Projected profit$975,931
ROI+48.4%
Annualized+69.2%
Break-even resale$10,894/ac
Profit if resale lands off target
-20%
$377,360
-10%
$676,645
0%
$975,931
+10%
$1,275,216
+20%
$1,574,502
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
DE-929001
Landlocked · Power at road
169.7Jul 27, 2026$1,320,6007,78015,75212.6 mi
78
DE-748633
Paved · Power at road
130.0Mar 27, 2026$1,465,10011,26912,4196.4 mi
77
DE-478623
Gravel · Off grid
129.1Mar 12, 2026$1,242,3009,62514,7222.7 mi
76
DE-299476
Landlocked · Full utilities
239.4Jan 31, 2025$2,219,0009,26717,9798.9 mi
72
DE-779268
Dirt · Power at road
205.9Aug 22, 2024$1,625,7007,89414,40713.3 mi
69
DE-178148
Landlocked · Off grid
91.5May 14, 2026$991,60010,83722,20510.5 mi
69
DE-477961
Dirt · Full utilities
79.9Dec 12, 2025$1,168,00014,61816,25711.3 mi
65
Show adjustment detail for the top comp
  • Tract size (169.73 ac → 201.24 ac)-4.6%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Power at road → Full utilities)+22.0%

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.