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Marengo County, AL · Sold

AL-938007

978 County Road 268

$369,800
$2,238/ac · 165 ac
Acreage165 ac
Price per acre$2,238/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedMay 22, 2024
Coordinates32.2341, -87.7803
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

Marengo County, Alabama. Timber tracts and hunting land across the Black Belt and Appalachian foothills.

View Marengo market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands9.9% of tract

Little to no mapped wetland coverage.

Average slope10.8%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,712 ft of deeded road frontage.

Power84 ft away

Power at or near the road.

Buildable area141.42 of 165.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$446,422
$366,342$526,501 · $2,702/ac on 165 ac
Asking vs estimate
-17.2%
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 $369,800
Maximum allowable offer
$255,098
$1,544/ac · +30.0% target margin

You need $114,702 off asking to hit this margin.

All-in cost$276,781
Net resale$410,708
Projected profit$133,926
ROI+48.4%
Annualized+69.2%
Break-even resale$1,821/ac
Profit if resale lands off target
-20%
$51,785
-10%
$92,856
0%
$133,926
+10%
$174,997
+20%
$216,068
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-497515
Dirt · Power at road
115.7Jun 8, 2026$409,6003,5403,2497.0 mi
86
AL-948226
Dirt · Off grid
193.6Apr 12, 2024$314,5001,6242,1922.0 mi
75
AL-529595
Gravel · Off grid
522.0Jul 27, 2026$711,0001,3621,9265.5 mi
69
AL-159126
Landlocked · Power at road
371.6Oct 5, 2025$558,6001,5032,4814.9 mi
69
AL-739072
Gravel · Full utilities
357.4Dec 20, 2025$1,309,7003,6643,3056.4 mi
67
AL-179517
Gravel · Off grid
493.3Sep 28, 2025$981,8001,9902,8635.8 mi
67
AL-586895
Paved · Power at road
73.8Aug 10, 2025$336,5004,5572,8296.3 mi
67
Show adjustment detail for the top comp
  • Tract size (115.69 ac → 165.22 ac)-8.9%
  • Market time (2 mo)+0.8%

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.