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Newport County, RI · Sold

RI-268002

3861 County Road 390

$1,788,200
$27,156/ac · 65.85 ac
Acreage65.85 ac
Price per acre$27,156/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedSep 13, 2024
Coordinates41.4298, -71.3398
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

4 items to verify before you offer.

Risk index
50
Moderate risk
Wetlands42.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,135 ft of deeded road frontage.

Power11,744 ft away

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

Buildable area36.03 of 65.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,367,704
$997,763$1,737,645 · $20,770/ac on 65.85 ac
Asking vs estimate
+30.7%
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 $1,788,200
Maximum allowable offer
$781,545
$11,869/ac · +30.0% target margin

You need $1,006,655 off asking to hit this margin.

All-in cost$847,976
Net resale$1,258,288
Projected profit$410,312
ROI+48.4%
Annualized+69.2%
Break-even resale$13,997/ac
Profit if resale lands off target
-20%
$158,654
-10%
$284,483
0%
$410,312
+10%
$536,140
+20%
$661,969
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-467614
Dirt · Full utilities
49.7Jul 27, 2026$1,304,50026,23717,2716.9 mi
83
RI-577533
Paved · Off grid
46.9Jan 5, 2025$1,060,40022,62016,4011.3 mi
74
RI-618895
Landlocked · Power at road
125.8Oct 20, 2024$2,806,70022,32030,1701.4 mi
71
RI-259420
Gravel · Power at road
183.9Apr 1, 2025$4,572,50024,85924,8511.5 mi
68
RI-509551
Landlocked · Power at road
202.3Jul 27, 2026$2,239,80011,07515,8389.1 mi
67
Show adjustment detail for the top comp
  • Tract size (49.72 ac → 65.85 ac)-5.7%
  • Utilities (Full utilities → Off grid)-30.3%

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.