Kent County, DE · Sold

DE-477961

4180 County Road 203

$1,364,500

$17,078/ac · 79.90 ac

Offer report Market this tract

Acreage79.90 ac

Price per acre$17,078/ac

ZoningRecreational

Road accessDirt

UtilitiesFull utilities

TopographyFlat

ListedNov 2, 2024

Coordinates39.1835, -75.4935

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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

3 items to verify before you offer.

Risk index

Moderate risk

Wetlands36.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,397 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area48.05 of 79.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,166,325

$910,103 – $1,422,546 · $14,597/ac on 79.90 ac

Asking vs estimate

+17.0%

Priced above the comp set

Weighted from 9 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 $1,364,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$666,471

$8,341/ac · +30.0% target margin

You need $698,029 off asking to hit this margin.

All-in cost$723,121

Net resale$1,073,019

Projected profit$349,898

ROI+48.4%

Annualized+69.2%

Break-even resale$9,837/ac

Profit if resale lands off target

-20%

$135,294

-10%

$242,596

$349,898

+10%

$457,199

+20%

$564,501

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-178148 Landlocked · Off grid	91.5	May 14, 2026	$991,600	10,837	20,532	2.5 mi	83
DE-478623 Gravel · Off grid	129.1	Mar 12, 2026	$1,242,300	9,625	13,613	9.7 mi	76
DE-748633 Paved · Power at road	130.0	Mar 27, 2026	$1,465,100	11,269	11,484	5.8 mi	74
DE-929001 Landlocked · Power at road	169.7	Jul 27, 2026	$1,320,600	7,780	14,566	4.8 mi	74
DE-776855 Dirt · Full utilities	35.9	Dec 3, 2024	$426,300	11,888	10,812	4.8 mi	67
DE-937063 Dirt · Power at road	41.7	Feb 9, 2025	$427,500	10,255	11,607	6.1 mi	67
DE-299476 Landlocked · Full utilities	239.4	Jan 31, 2025	$2,219,000	9,267	16,625	4.5 mi	66
DE-779268 Dirt · Power at road	205.9	Aug 22, 2024	$1,625,700	7,894	13,322	5.7 mi	66
DE-159236 Paved · Full utilities	201.2	Jun 23, 2024	$3,673,000	18,252	18,399	11.3 mi	58

Show adjustment detail for the top comp

Tract size (91.5 ac → 79.9 ac)+3.3%
Access (Landlocked → Dirt)+26.5%
Utilities (Off grid → Full utilities)+43.5%
Market time (3 mo)+1.1%

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.

Build the listing kit Post a deal or JV