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Newport County, RI · Sold

RI-805285

2851 County Road 369

$704,300
$76,554/ac · 9.20 ac
Acreage9.20 ac
Price per acre$76,554/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyFlat
ListedFeb 9, 2026
Coordinates41.4428, -71.2970
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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

Newport County, Rhode Island. Almost no raw land market; subdivided lots only.

View Newport market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands8.0% of tract

Little to no mapped wetland coverage.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area8.04 of 9.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$584,507
$484,969$684,046 · $63,533/ac on 9.20 ac
Asking vs estimate
+20.5%
Priced above the comp set

Weighted from 5 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 $704,300
Maximum allowable offer
$334,004
$36,305/ac · +30.0% target margin

You need $370,296 off asking to hit this margin.

All-in cost$362,394
Net resale$537,747
Projected profit$175,352
ROI+48.4%
Annualized+69.2%
Break-even resale$42,816/ac
Profit if resale lands off target
-20%
$67,803
-10%
$121,578
0%
$175,352
+10%
$229,127
+20%
$282,902
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-644907
Gravel · Off grid
7.0Jul 27, 2026$342,80048,96981,5962.4 mi
87
RI-825259
Landlocked · Power at road
9.0Oct 23, 2025$204,60022,66249,5432.5 mi
81
RI-924823
Landlocked · Power at road
6.6Jul 27, 2026$187,90028,55559,2594.3 mi
80
RI-325258
Paved · Full utilities
9.0Feb 15, 2024$501,40055,58461,3314.4 mi
77
RI-734904
Gravel · Power at road
7.0Sep 19, 2024$295,40042,31664,5775.1 mi
69
Show adjustment detail for the top comp
  • Tract size (7 ac → 9.2 ac)-1.8%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.