New Castle County, DE · Sold

DE-336558

2623 County Road 355

$510,800

$17,663/ac · 28.92 ac

Offer report Market this tract

Acreage28.92 ac

Price per acre$17,663/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographyWooded

ListedNov 23, 2024

Coordinates39.5470, -75.6106

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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

Wetlands1.3% of tract

Little to no mapped wetland coverage.

Average slope9.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

809 ft of deeded road frontage.

Power10,778 ft away

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

Buildable area27.12 of 28.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$583,271

$419,955 – $746,587 · $20,168/ac on 28.92 ac

Asking vs estimate

-12.4%

Priced below 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 $510,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$333,298

$11,525/ac · +30.0% target margin

You need $177,502 off asking to hit this margin.

All-in cost$361,628

Net resale$536,610

Projected profit$174,981

ROI+48.4%

Annualized+69.2%

Break-even resale$13,592/ac

Profit if resale lands off target

-20%

$67,659

-10%

$121,320

$174,981

+10%

$228,642

+20%

$282,303

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-726366 Paved · Power at road	25.2	Feb 15, 2026	$480,200	19,086	13,742	5.2 mi	79
DE-326080 Paved · Power at road	20.4	May 31, 2026	$896,500	43,840	30,313	7.0 mi	77
DE-186267 Dirt · Off grid	23.4	Apr 27, 2025	$647,900	27,665	32,881	3.2 mi	77
DE-365691 Gravel · Off grid	15.4	Nov 21, 2024	$225,600	14,620	14,432	3.5 mi	70
DE-228212 Dirt · Power at road	95.8	Dec 18, 2025	$1,480,300	15,445	20,000	6.9 mi	68
DE-835113 Dirt · Full utilities	10.2	Jun 24, 2025	$176,100	17,353	13,032	7.2 mi	66
DE-417403 Dirt · Off grid	53.3	Jul 28, 2024	$552,200	10,352	14,609	5.8 mi	65

Show adjustment detail for the top comp

Tract size (25.16 ac → 28.92 ac)-2.1%
Access (Paved → Gravel)-15.3%
Utilities (Power at road → Off grid)-15.0%
Market time (6 mo)+2.1%

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