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Newport County, RI · Sold

RI-421939

3384 County Road 362

$64,200
$79,259/ac · 0.81 ac
Acreage0.81 ac
Price per acre$79,259/ac
ZoningUnzoned
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedAug 28, 2024
Coordinates41.5106, -71.1945
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

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands6.4% of tract

Little to no mapped wetland coverage.

Average slope11.6%

Rolling to steep in places; pad prep likely.

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 area0.72 of 0.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$52,438
$43,937$60,939 · $64,738/ac on 0.81 ac
Asking vs estimate
+22.4%
Priced above 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 $64,200
Maximum allowable offer
$29,965
$36,993/ac · +30.0% target margin

You need $34,235 off asking to hit this margin.

All-in cost$32,512
Net resale$48,243
Projected profit$15,731
ROI+48.4%
Annualized+69.2%
Break-even resale$43,629/ac
Profit if resale lands off target
-20%
$6,082
-10%
$10,907
0%
$15,731
+10%
$20,555
+20%
$25,380
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-362407
Gravel · Power at road
1.1Jun 19, 2026$49,40043,33163,0041.8 mi
81
RI-371146
Dirt · Off grid
0.5Jul 27, 2026$16,80036,51671,8098.7 mi
74
RI-972997
Dirt · Power at road
1.8Jul 27, 2026$80,00045,71377,4317.3 mi
72
RI-383281
Landlocked · Power at road
2.1Feb 17, 2026$50,70023,59051,6714.6 mi
67
RI-150199
Dirt · Full utilities
0.3Sep 25, 2024$9,70032,34247,6424.9 mi
66
RI-861008
Dirt · Power at road
0.4Sep 11, 2025$15,80037,66865,2439.4 mi
66
RI-571107
Gravel · Off grid
0.5Aug 11, 2024$18,60041,34775,6617.9 mi
62
Show adjustment detail for the top comp
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (2 mo)+0.7%

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.