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Monterey County, CA · Sold

CA-102370

1276 County Road 240

$57,400
$12,899/ac · 4.45 ac
Acreage4.45 ac
Price per acre$12,899/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedAug 19, 2024
Coordinates36.2290, -121.4650
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

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

View Monterey market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
27
Low risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope18.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

333 ft of deeded road frontage.

Power11,828 ft away

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

Buildable area3.34 of 4.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,622
$34,804$50,439 · $9,578/ac on 4.45 ac
Asking vs estimate
+34.7%
Priced above 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 $57,400
Maximum allowable offer
$24,355
$5,473/ac · +30.0% target margin

You need $33,045 off asking to hit this margin.

All-in cost$26,425
Net resale$39,212
Projected profit$12,787
ROI+48.4%
Annualized+69.3%
Break-even resale$6,455/ac
Profit if resale lands off target
-20%
$4,944
-10%
$8,866
0%
$12,787
+10%
$16,708
+20%
$20,629
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CA-313613
Gravel · Off grid
11.0Jul 27, 2026$91,5008,3518,8462.7 mi
78
CA-471425
Landlocked · Power at road
2.3Jun 30, 2026$20,4009,08211,1754.3 mi
74
CA-991439
Gravel · Power at road
2.3Sep 20, 2025$16,8007,4186,4091.4 mi
73
CA-531276
Gravel · Off grid
2.0Jan 25, 2026$21,30010,53410,5306.3 mi
73
CA-961117
Dirt · Off grid
1.8Jul 27, 2026$14,6008,0899,1888.5 mi
72
CA-481919
Gravel · Power at road
3.2Feb 15, 2026$33,70010,4868,99319.2 mi
71
CA-751319
Dirt · Off grid
2.1Oct 20, 2024$21,10010,14412,41111.9 mi
60
Show adjustment detail for the top comp
  • Tract size (10.96 ac → 4.45 ac)+5.7%

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.