New Castle County, DE · Sold

DE-258536

6802 County Road 390

$2,704,600

$22,317/ac · 121 ac

Offer report Market this tract

Acreage121 ac

Price per acre$22,317/ac

ZoningResidential

Road accessGravel

UtilitiesFull utilities

TopographyWooded

ListedApr 8, 2024

Coordinates39.4993, -75.7240

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

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

3 items to verify before you offer.

Risk index

Low risk

Wetlands12.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,132 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area100.85 of 121.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$2,481,948

$2,060,978 – $2,902,918 · $20,480/ac on 121 ac

Asking vs estimate

+9.0%

Priced above the comp set

Weighted from 8 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 $2,704,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$1,418,256

$11,703/ac · +30.0% target margin

You need $1,286,344 off asking to hit this margin.

All-in cost$1,538,808

Net resale$2,283,392

Projected profit$744,584

ROI+48.4%

Annualized+69.2%

Break-even resale$13,802/ac

Profit if resale lands off target

-20%

$287,906

-10%

$516,245

$744,584

+10%

$972,923

+20%

$1,201,263

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-318445 Gravel · Full utilities	113.5	Jul 27, 2026	$2,079,100	18,324	18,059	1.0 mi	97
DE-139717 Gravel · Full utilities	285.1	Jul 27, 2026	$4,160,300	14,591	18,498	9.3 mi	75
DE-799613 Gravel · Power at road	264.4	Jul 27, 2026	$3,121,200	11,803	17,863	8.0 mi	74
DE-779818 Gravel · Off grid	306.8	Jul 27, 2026	$4,418,600	14,403	26,771	6.4 mi	74
DE-228212 Dirt · Power at road	95.8	Dec 18, 2025	$1,480,300	15,445	21,233	13.0 mi	72
DE-289478 Dirt · Power at road	239.8	Jul 27, 2026	$3,475,400	14,493	24,800	10.5 mi	71
DE-528846 Dirt · Power at road	151.7	Apr 13, 2024	$1,926,400	12,698	20,984	9.0 mi	67
DE-417403 Dirt · Off grid	53.3	Jul 28, 2024	$552,200	10,352	15,509	11.6 mi	57

Show adjustment detail for the top comp

Tract size (113.46 ac → 121.19 ac)-1.7%

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.

Build the listing kit Post a deal or JV