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Otsego County, NY · Sold

NY-357828

4946 County Road 224

$459,900
$2,881/ac · 160 ac
Acreage160 ac
Price per acre$2,881/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedDec 25, 2023
Coordinates42.7226, -74.9551
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
22
Low risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope5.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,136 ft away

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

Buildable area143.01 of 159.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$550,435
$412,865$688,004 · $3,448/ac on 160 ac
Asking vs estimate
-16.4%
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 $459,900
Maximum allowable offer
$314,534
$1,970/ac · +30.0% target margin

You need $145,366 off asking to hit this margin.

All-in cost$341,269
Net resale$506,400
Projected profit$165,131
ROI+48.4%
Annualized+69.2%
Break-even resale$2,324/ac
Profit if resale lands off target
-20%
$63,851
-10%
$114,491
0%
$165,131
+10%
$215,770
+20%
$266,410
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-197870
Landlocked · Full utilities
164.6Jul 27, 2026$329,8002,0042,0755.5 mi
85
NY-526848
Dirt · Off grid
78.5Jul 27, 2026$290,2003,6973,6033.3 mi
82
NY-347190
Gravel · Off grid
100.6Nov 25, 2024$407,7004,0543,8584.4 mi
72
NY-877542
Paved · Power at road
129.8Feb 21, 2025$601,2004,6333,3566.4 mi
71
NY-806243
Gravel · Full utilities
50.6Apr 14, 2025$426,8008,4274,7173.5 mi
64
Show adjustment detail for the top comp
  • Tract size (164.58 ac → 159.64 ac)+0.8%
  • Access (Landlocked → Gravel)+47.1%
  • 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.