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Merced County, CA · Sold

CA-288208

3851 County Road 118

$1,583,300
$5,178/ac · 306 ac
Acreage306 ac
Price per acre$5,178/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedSep 10, 2024
Coordinates37.0891, -120.7822
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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

Merced County, California. Wide spread between Central Valley ag ground and buildable foothill parcels.

View Merced market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
18
Low risk
Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope6.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,924 ft away

Service extension needed; get a utility quote.

Buildable area274.24 of 305.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,231,358
$1,960,912$2,501,804 · $7,297/ac on 306 ac
Asking vs estimate
-29.0%
Priced below the comp set

Weighted from 6 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 $1,583,300
Maximum allowable offer
$1,275,062
$4,170/ac · +30.0% target margin

You need $308,238 off asking to hit this margin.

All-in cost$1,383,442
Net resale$2,052,849
Projected profit$669,407
ROI+48.4%
Annualized+69.2%
Break-even resale$4,917/ac
Profit if resale lands off target
-20%
$258,837
-10%
$464,122
0%
$669,407
+10%
$874,692
+20%
$1,079,977
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CA-328329
Gravel · Power at road
333.8Feb 18, 2025$2,250,8006,7436,2482.6 mi
79
CA-197644
Gravel · Full utilities
203.2Jul 27, 2026$2,372,70011,6757,25514.6 mi
76
CA-757412
Gravel · Off grid
171.8Feb 7, 2025$1,589,3009,2528,36217.6 mi
64
CA-659223
Paved · Power at road
637.9Jul 13, 2025$5,866,3009,1968,63312.0 mi
62
CA-746799
Landlocked · Off grid
110.2Feb 24, 2025$612,8005,5616,56612.2 mi
59
CA-629866
Landlocked · Full utilities
1016.4May 22, 2025$4,532,1004,4596,91311.1 mi
57
Show adjustment detail for the top comp
  • Tract size (333.81 ac → 305.8 ac)+2.6%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (18 mo)+6.3%

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.