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Morehouse County, LA · Sold

LA-489619

1023 County Road 291

$1,147,600
$1,662/ac · 691 ac
Acreage691 ac
Price per acre$1,662/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedJun 23, 2026
Coordinates32.9063, -91.8978
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

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

View Morehouse market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope18.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,131 ft of deeded road frontage.

Power4,632 ft away

Service extension needed; get a utility quote.

Buildable area519.27 of 690.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,127,586
$917,281$1,337,890 · $1,633/ac on 691 ac
Asking vs estimate
+1.8%
In line with 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 $1,147,600
Maximum allowable offer
$644,335
$933/ac · +30.0% target margin

You need $503,265 off asking to hit this margin.

All-in cost$699,103
Net resale$1,037,379
Projected profit$338,275
ROI+48.4%
Annualized+69.2%
Break-even resale$1,100/ac
Profit if resale lands off target
-20%
$130,800
-10%
$234,538
0%
$338,275
+10%
$442,013
+20%
$545,751
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
LA-868634
Gravel · Off grid
338.3Jul 27, 2026$721,0002,1311,72310.4 mi
76
LA-849309
Gravel · Off grid
551.6Feb 13, 2025$816,9001,4811,4707.0 mi
75
LA-489745
Dirt · Full utilities
756.5Apr 25, 2025$1,373,1001,8151,5957.2 mi
74
LA-688941
Paved · Power at road
422.5Jul 18, 2025$679,8001,6091,0449.5 mi
71
LA-728012
Dirt · Full utilities
215.6Jul 27, 2026$618,8002,8711,6525.0 mi
69
LA-199105
Dirt · Power at road
475.8Nov 5, 2025$1,036,7002,1791,98612.6 mi
69
LA-488105
Dirt · Off grid
230.6Jun 2, 2024$511,8002,2202,03610.1 mi
61
Show adjustment detail for the top comp
  • Tract size (338.28 ac → 690.52 ac)-19.3%

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.