New Castle County, DE · Sold

DE-365691

2467 County Road 359

$258,400

$16,747/ac · 15.43 ac

Offer report Market this tract

Acreage15.43 ac

Price per acre$16,747/ac

ZoningUnzoned

Road accessGravel

UtilitiesOff grid

TopographyMixed

ListedOct 1, 2024

Coordinates39.5367, -75.6753

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County GIS boundary

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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

Wetlands4.5% of tract

Little to no mapped wetland coverage.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

412 ft of deeded road frontage.

Power13,676 ft away

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

Buildable area14.00 of 15.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$347,294

$250,052 – $444,537 · $22,508/ac on 15.43 ac

Asking vs estimate

-25.6%

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 $258,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$198,454

$12,862/ac · +30.0% target margin

You need $59,946 off asking to hit this margin.

All-in cost$215,323

Net resale$319,511

Projected profit$104,188

ROI+48.4%

Annualized+69.2%

Break-even resale$15,168/ac

Profit if resale lands off target

-20%

$40,286

-10%

$72,237

$104,188

+10%

$136,139

+20%

$168,090

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-326080 Paved · Power at road	20.4	May 31, 2026	$896,500	43,840	32,943	6.9 mi	78
DE-726366 Paved · Power at road	25.2	Feb 15, 2026	$480,200	19,086	14,935	5.6 mi	77
DE-834072 Gravel · Off grid	4.8	Jun 19, 2026	$97,400	20,379	18,832	4.2 mi	73
DE-284349 Gravel · Power at road	5.8	Jun 22, 2026	$168,700	28,894	22,907	4.5 mi	73
DE-336558 Gravel · Off grid	28.9	May 4, 2025	$496,000	17,150	19,643	3.5 mi	72
DE-186267 Dirt · Off grid	23.4	Apr 27, 2025	$647,900	27,665	35,734	4.4 mi	72
DE-835113 Dirt · Full utilities	10.2	Jun 24, 2025	$176,100	17,353	14,162	6.2 mi	69
DE-833980 Dirt · Full utilities	4.5	Jul 27, 2026	$155,700	34,824	25,884	9.2 mi	67
DE-417403 Dirt · Off grid	53.3	Jul 28, 2024	$552,200	10,352	15,876	8.0 mi	57

Show adjustment detail for the top comp

Tract size (20.45 ac → 15.43 ac)+3.4%
Access (Paved → Gravel)-15.3%
Utilities (Power at road → Off grid)-15.0%
Market time (3 mo)+0.9%

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