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Mono County, CA · Sold

CA-144681

3903 County Road 2

$175,800
$7,399/ac · 23.76 ac
Acreage23.76 ac
Price per acre$7,399/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedNov 18, 2025
Coordinates37.9795, -118.9348
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

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

View Mono market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
60
High risk
Wetlands49.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,332 ft away

A long utility run — price in solar/off-grid instead.

Buildable area11.38 of 23.76 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$203,984
$166,269$241,700 · $8,585/ac on 23.76 ac
Asking vs estimate
-13.8%
Priced below the comp set

Weighted from 10 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 $175,800
Maximum allowable offer
$116,562
$4,906/ac · +30.0% target margin

You need $59,238 off asking to hit this margin.

All-in cost$126,470
Net resale$187,665
Projected profit$61,196
ROI+48.4%
Annualized+69.3%
Break-even resale$5,786/ac
Profit if resale lands off target
-20%
$23,662
-10%
$42,429
0%
$61,196
+10%
$79,962
+20%
$98,729
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CA-664265
Gravel · Power at road
17.6Jul 27, 2026$186,20010,5937,4635.2 mi
85
CA-954958
Landlocked · Power at road
29.0Jan 8, 2026$268,7009,25210,50710.4 mi
74
CA-993678
Paved · Full utilities
11.5Jul 27, 2026$192,30016,7407,8415.4 mi
74
CA-773884
Landlocked · Power at road
13.3Jun 3, 2025$85,0006,3686,7127.9 mi
70
CA-935392
Gravel · Power at road
39.8Mar 16, 2026$499,70012,56810,16111.3 mi
70
CA-973901
Landlocked · Power at road
13.5Jul 28, 2024$120,5008,9269,7394.2 mi
65
CA-533746
Gravel · Off grid
12.1Apr 17, 2025$101,0008,3667,0239.1 mi
65
CA-965937
Dirt · Off grid
59.0Sep 23, 2024$473,8008,03010,18710.7 mi
62
CA-945544
Gravel · Power at road
44.4May 10, 2024$314,6007,0876,29615.6 mi
61
CA-616017
Landlocked · Full utilities
62.5Sep 2, 2024$564,4009,02510,2385.7 mi
59
Show adjustment detail for the top comp
  • Tract size (17.58 ac → 23.76 ac)-3.8%
  • Access (Gravel → Dirt)-14.0%
  • 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.