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Phillips County, AR · Sold

AR-796193

2838 County Road 234

$303,800
$5,263/ac · 57.72 ac
Acreage57.72 ac
Price per acre$5,263/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedNov 30, 2024
Coordinates34.3369, -90.9246
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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

Phillips County, Arkansas. Ozark hunting camps and Delta row-crop ground at some of the South's lowest entry prices.

View Phillips market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
59
High risk
Wetlands47.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,684 ft away

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

Buildable area28.62 of 57.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$250,548
$214,737$286,360 · $4,341/ac on 57.72 ac
Asking vs estimate
+21.3%
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 $303,800
Maximum allowable offer
$143,171
$2,480/ac · +30.0% target margin

You need $160,629 off asking to hit this margin.

All-in cost$155,341
Net resale$230,505
Projected profit$75,164
ROI+48.4%
Annualized+69.2%
Break-even resale$2,925/ac
Profit if resale lands off target
-20%
$29,063
-10%
$52,114
0%
$75,164
+10%
$98,214
+20%
$121,265
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AR-156491
Gravel · Power at road
71.6Jun 16, 2026$372,9005,2064,6708.3 mi
81
AR-555623
Paved · Off grid
38.2Oct 13, 2025$201,4005,2734,26810.1 mi
75
AR-766640
Paved · Off grid
79.8Aug 6, 2025$291,9003,6593,4757.6 mi
73
AR-925530
Dirt · Off grid
35.7Jun 1, 2025$138,9003,8904,3333.0 mi
72
AR-735219
Gravel · Off grid
28.5Dec 24, 2024$142,4004,9954,69113.0 mi
68
AR-727880
Gravel · Full utilities
195.9Apr 4, 2025$693,7003,5413,5315.4 mi
62
AR-636886
Paved · Power at road
95.3Jun 5, 2024$591,1006,2005,46811.9 mi
61
Show adjustment detail for the top comp
  • Tract size (71.63 ac → 57.72 ac)+4.8%
  • Utilities (Power at road → Off grid)-15.0%
  • 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.