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Merced County, CA · Sold

CA-629866

4661 County Road 288

$5,276,000
$5,191/ac · 1,016 ac
Acreage1,016 ac
Price per acre$5,191/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedJan 25, 2025
Coordinates37.2394, -120.7122
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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

4 items to verify before you offer.

Risk index
61
High risk
Wetlands35.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.9%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area618.93 of 1016.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,933,344
$3,982,543$5,884,145 · $4,854/ac on 1,016 ac
Asking vs estimate
+6.9%
Priced above 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 $5,276,000
Maximum allowable offer
$2,819,054
$2,774/ac · +30.0% target margin

You need $2,456,946 off asking to hit this margin.

All-in cost$3,058,674
Net resale$4,538,677
Projected profit$1,480,003
ROI+48.4%
Annualized+69.2%
Break-even resale$3,271/ac
Profit if resale lands off target
-20%
$572,268
-10%
$1,026,135
0%
$1,480,003
+10%
$1,933,871
+20%
$2,387,739
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CA-659223
Paved · Power at road
637.9Jul 13, 2025$5,866,3009,1965,8576.1 mi
74
CA-197644
Gravel · Full utilities
203.2Jul 27, 2026$2,372,70011,6754,9224.4 mi
68
CA-288208
Gravel · Off grid
305.8Oct 22, 2025$1,440,8004,7123,30611.1 mi
59
CA-757412
Gravel · Off grid
171.8Feb 7, 2025$1,589,3009,2525,6737.5 mi
58
CA-328329
Gravel · Power at road
333.8Feb 18, 2025$2,250,8006,7434,2399.6 mi
57
Show adjustment detail for the top comp
  • Tract size (637.92 ac → 1016.39 ac)-13.4%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (13 mo)+4.6%

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.