New Castle County, DE · Sold

DE-417403

1385 County Road 273

$668,500

$12,533/ac · 53.34 ac

Offer report Market this tract

Acreage53.34 ac

Price per acre$12,533/ac

ZoningAgricultural

Road accessDirt

UtilitiesOff grid

TopographyRolling

ListedAug 22, 2023

Coordinates39.6281, -75.5838

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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

New Castle County, Delaware. Small coastal-adjacent tracts with strong residential conversion demand.

View New Castle market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope7.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

949 ft of deeded road frontage.

Power7,936 ft away

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

Buildable area49.96 of 53.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$859,708

$618,990 – $1,100,426 · $16,118/ac on 53.34 ac

Asking vs estimate

-22.2%

Priced below the comp set

Weighted from 9 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 $668,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$491,262

$9,210/ac · +30.0% target margin

You need $177,238 off asking to hit this margin.

All-in cost$533,019

Net resale$790,931

Projected profit$257,912

ROI+48.4%

Annualized+69.2%

Break-even resale$10,862/ac

Profit if resale lands off target

-20%

$99,726

-10%

$178,819

$257,912

+10%

$337,005

+20%

$416,098

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-228212 Dirt · Power at road	95.8	Dec 18, 2025	$1,480,300	15,445	15,394	1.6 mi	76
DE-726366 Paved · Power at road	25.2	Feb 15, 2026	$480,200	19,086	10,577	3.6 mi	71
DE-326080 Paved · Power at road	20.4	May 31, 2026	$896,500	43,840	23,332	4.7 mi	71
DE-318445 Gravel · Full utilities	113.5	Jul 27, 2026	$2,079,100	18,324	13,093	11.1 mi	70
DE-186267 Dirt · Off grid	23.4	Apr 27, 2025	$647,900	27,665	25,308	3.6 mi	69
DE-336558 Gravel · Off grid	28.9	May 4, 2025	$496,000	17,150	13,912	5.8 mi	68
DE-528846 Dirt · Power at road	151.7	Apr 13, 2024	$1,926,400	12,698	15,213	4.3 mi	61
DE-365691 Gravel · Off grid	15.4	Nov 21, 2024	$225,600	14,620	11,108	8.0 mi	58
DE-258536 Gravel · Full utilities	121.2	May 18, 2024	$2,477,400	20,442	16,218	11.6 mi	56

Show adjustment detail for the top comp

Tract size (95.84 ac → 53.34 ac)+14.1%
Utilities (Power at road → Off grid)-15.0%
Market time (8 mo)+2.8%

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