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Newport County, RI · Sold

RI-825259

5250 County Road 283

$217,700
$24,109/ac · 9.03 ac
Acreage9.03 ac
Price per acre$24,109/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedOct 13, 2024
Coordinates41.4426, -71.3458
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

1 item to verify before you offer.

Risk index
32
Moderate risk
Wetlands5.0% of tract

Little to no mapped wetland coverage.

Average slope7.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power172 ft away

Power at or near the road.

Buildable area8.15 of 9.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$292,015
$255,771$328,259 · $32,338/ac on 9.03 ac
Asking vs estimate
-25.4%
Priced below 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 $217,700
Maximum allowable offer
$166,866
$18,479/ac · +30.0% target margin

You need $50,834 off asking to hit this margin.

All-in cost$181,050
Net resale$268,654
Projected profit$87,604
ROI+48.4%
Annualized+69.2%
Break-even resale$21,793/ac
Profit if resale lands off target
-20%
$33,873
-10%
$60,739
0%
$87,604
+10%
$114,470
+20%
$141,335
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-805285
Paved · Full utilities
9.2Jul 27, 2026$678,20073,72234,9482.5 mi
87
RI-924823
Landlocked · Power at road
6.6Jul 27, 2026$187,90028,55528,0302.7 mi
86
RI-644907
Gravel · Off grid
7.0Jul 27, 2026$342,80048,96938,5964.9 mi
81
RI-325258
Paved · Full utilities
9.0Feb 15, 2024$501,40055,58429,0106.9 mi
71
RI-734904
Gravel · Power at road
7.0Sep 19, 2024$295,40042,31630,5467.0 mi
71
Show adjustment detail for the top comp
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Full utilities → Power at road)-18.0%

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.