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Newport County, RI · Sold

RI-734904

1008 County Road 361

$276,300
$39,585/ac · 6.98 ac
Acreage6.98 ac
Price per acre$39,585/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedSep 21, 2023
Coordinates41.5000, -71.2353
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

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

View Newport market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands11.4% of tract

Little to no mapped wetland coverage.

Average slope10.5%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

626 ft of deeded road frontage.

Power56 ft away

Power at or near the road.

Buildable area5.88 of 6.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$311,615
$250,719$372,510 · $44,644/ac on 6.98 ac
Asking vs estimate
-11.3%
Priced below the comp set

Weighted from 6 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 $276,300
Maximum allowable offer
$178,065
$25,511/ac · +30.0% target margin

You need $98,235 off asking to hit this margin.

All-in cost$193,201
Net resale$286,685
Projected profit$93,485
ROI+48.4%
Annualized+69.3%
Break-even resale$30,086/ac
Profit if resale lands off target
-20%
$36,148
-10%
$64,816
0%
$93,485
+10%
$122,153
+20%
$150,822
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-644907
Gravel · Off grid
7.0Jul 27, 2026$342,80048,96957,7484.3 mi
89
RI-924823
Landlocked · Power at road
6.6Jul 27, 2026$187,90028,55541,9396.9 mi
86
RI-805285
Paved · Full utilities
9.2Jul 27, 2026$678,20073,72252,2905.1 mi
81
RI-825259
Landlocked · Power at road
9.0Oct 23, 2025$204,60022,66235,0637.0 mi
76
RI-325258
Paved · Full utilities
9.0Feb 15, 2024$501,40055,58443,4062.7 mi
69
RI-383281
Landlocked · Power at road
2.1Feb 17, 2026$50,70023,59033,8562.9 mi
69
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%

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.