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Mellette County, SD · Sold

SD-338202

8689 County Road 342

$645,300
$1,541/ac · 419 ac
Acreage419 ac
Price per acre$1,541/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJan 30, 2025
Coordinates43.6558, -100.6733
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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

Mellette County, South Dakota. West River grazing and Black Hills recreational parcels.

View Mellette market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands15.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,612 ft of deeded road frontage.

Power3,176 ft away

Service extension needed; get a utility quote.

Buildable area337.66 of 418.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$686,885
$508,858$864,911 · $1,641/ac on 419 ac
Asking vs estimate
-6.1%
Priced below the comp set

Weighted from 5 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 $645,300
Maximum allowable offer
$392,506
$938/ac · +30.0% target margin

You need $252,794 off asking to hit this margin.

All-in cost$425,869
Net resale$631,934
Projected profit$206,065
ROI+48.4%
Annualized+69.2%
Break-even resale$1,106/ac
Profit if resale lands off target
-20%
$79,678
-10%
$142,872
0%
$206,065
+10%
$269,258
+20%
$332,452
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-979209
Gravel · Power at road
868.3Jul 27, 2026$1,512,5001,7421,85313.8 mi
72
SD-907201
Gravel · Off grid
202.7Mar 8, 2024$262,0001,2921,1551.1 mi
68
SD-297738
Paved · Power at road
299.1Jul 19, 2024$748,3002,5021,77410.3 mi
64
SD-865061
Gravel · Power at road
43.0Jan 11, 2024$185,7004,3172,2775.4 mi
55
SD-135035
Paved · Off grid
42.2Aug 27, 2024$93,3002,2091,1307.1 mi
51
Show adjustment detail for the top comp
  • Tract size (868.28 ac → 418.65 ac)+24.9%
  • Utilities (Power at road → Off grid)-15.0%

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.