Morehouse County, LA · Sold

LA-996448

3118 County Road 138

$134,500

$1,937/ac · 69.43 ac

Offer report Market this tract

Acreage69.43 ac

Price per acre$1,937/ac

ZoningAgricultural

Road accessDirt

UtilitiesOff grid

TopographyWooded

ListedDec 20, 2024

Coordinates32.8649, -91.7231

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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

Morehouse County, Louisiana. Timber and marsh-adjacent tracts; drainage defines usable acreage.

View Morehouse market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope5.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,360 ft of deeded road frontage.

Power9,070 ft away

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

Buildable area63.85 of 69.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$189,092

$157,192 – $220,993 · $2,723/ac on 69.43 ac

Asking vs estimate

-28.9%

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 $134,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$108,053

$1,556/ac · +30.0% target margin

You need $26,447 off asking to hit this margin.

All-in cost$117,238

Net resale$173,965

Projected profit$56,727

ROI+48.4%

Annualized+69.2%

Break-even resale$1,835/ac

Profit if resale lands off target

-20%

$21,934

-10%

$39,331

$56,727

+10%

$74,124

+20%

$91,520

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
LA-886958 Landlocked · Full utilities	100.5	Jul 27, 2026	$354,000	3,524	3,395	1.6 mi	82
LA-185842 Dirt · Full utilities	44.8	Feb 6, 2026	$167,000	3,731	2,425	5.2 mi	77
LA-357509 Landlocked · Off grid	149.7	May 26, 2026	$287,100	1,917	2,958	8.0 mi	77
LA-586362 Landlocked · Off grid	65.2	Jun 1, 2025	$125,400	1,922	2,519	14.2 mi	73
LA-728012 Dirt · Full utilities	215.6	Jul 27, 2026	$618,800	2,871	2,677	6.3 mi	72
LA-265810 Paved · Off grid	43.7	Feb 22, 2025	$199,100	4,553	3,202	2.4 mi	72
LA-405861 Landlocked · Off grid	45.4	Aug 6, 2025	$124,400	2,742	3,310	8.6 mi	70
LA-547048 Gravel · Off grid	107.2	Jan 20, 2024	$229,500	2,140	2,261	8.5 mi	70
LA-867217 Dirt · Off grid	121.2	Oct 7, 2024	$235,400	1,942	2,394	5.0 mi	70
LA-604736 Landlocked · Off grid	20.1	Jul 27, 2026	$38,700	1,926	1,960	9.1 mi	68

Show adjustment detail for the top comp

Tract size (100.46 ac → 69.43 ac)+9.1%
Access (Landlocked → Dirt)+26.5%
Utilities (Full utilities → Off grid)-30.3%

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.

Build the listing kit Post a deal or JV