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Otsego County, NY · Sold

NY-347190

8779 County Road 316

$440,300
$4,378/ac · 101 ac
Acreage101 ac
Price per acre$4,378/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedOct 18, 2023
Coordinates42.6867, -75.0268
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

Otsego County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Otsego market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
15
Low risk
Wetlands4.1% of tract

Little to no mapped wetland coverage.

Average slope10.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,023 ft of deeded road frontage.

Power5,766 ft away

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

Buildable area91.62 of 100.56 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$425,698
$306,502$544,893 · $4,233/ac on 101 ac
Asking vs estimate
+3.4%
In line with the comp set

Weighted from 8 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 $440,300
Maximum allowable offer
$243,256
$2,419/ac · +30.0% target margin

You need $197,044 off asking to hit this margin.

All-in cost$263,933
Net resale$391,642
Projected profit$127,709
ROI+48.4%
Annualized+69.2%
Break-even resale$2,853/ac
Profit if resale lands off target
-20%
$49,381
-10%
$88,545
0%
$127,709
+10%
$166,873
+20%
$206,038
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-526848
Dirt · Off grid
78.5Jul 27, 2026$290,2003,6974,0605.3 mi
83
NY-896025
Gravel · Power at road
43.2Jul 6, 2026$205,4004,7493,3711.9 mi
81
NY-197870
Landlocked · Full utilities
164.6Jul 27, 2026$329,8002,0042,3383.1 mi
79
NY-877542
Paved · Power at road
129.8Feb 21, 2025$601,2004,6333,7823.7 mi
72
NY-357828
Gravel · Off grid
159.6Jul 1, 2024$395,1002,4753,0384.4 mi
71
NY-806243
Gravel · Full utilities
50.6Apr 14, 2025$426,8008,4275,3152.9 mi
69
NY-715542
Paved · Power at road
30.5Jul 27, 2026$336,90011,0526,2377.8 mi
68
NY-925947
Landlocked · Off grid
40.9Apr 13, 2024$202,1004,9466,5706.8 mi
60
Show adjustment detail for the top comp
  • Tract size (78.49 ac → 100.56 ac)-5.8%
  • Access (Dirt → Gravel)+16.3%

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.