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Providence County, RI · Sold

RI-178726

7718 County Road 281

$1,110,500
$9,981/ac · 111 ac
Acreage111 ac
Price per acre$9,981/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedSep 19, 2023
Coordinates41.8901, -71.6187
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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

Providence County, Rhode Island. Almost no raw land market; subdivided lots only.

View Providence market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
21
Low risk
Wetlands12.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,288 ft of deeded road frontage.

Power10,848 ft away

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

Buildable area92.70 of 111.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,424,486
$1,076,041$1,772,931 · $12,803/ac on 111 ac
Asking vs estimate
-22.0%
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 $1,110,500
Maximum allowable offer
$813,992
$7,316/ac · +30.0% target margin

You need $296,508 off asking to hit this margin.

All-in cost$883,181
Net resale$1,310,527
Projected profit$427,346
ROI+48.4%
Annualized+69.2%
Break-even resale$8,628/ac
Profit if resale lands off target
-20%
$165,240
-10%
$296,293
0%
$427,346
+10%
$558,399
+20%
$689,451
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-398668
Paved · Off grid
106.7Oct 17, 2025$1,127,50010,5699,1717.2 mi
79
RI-438457
Paved · Power at road
91.6Jun 4, 2025$2,294,60025,06218,0727.7 mi
72
RI-697427
Paved · Power at road
43.4Nov 2, 2025$1,042,40024,00814,4892.2 mi
72
RI-989355
Gravel · Full utilities
175.5Aug 5, 2025$2,447,60013,94811,4297.1 mi
72
RI-387966
Paved · Off grid
64.2May 17, 2025$914,30014,25011,1625.5 mi
69
Show adjustment detail for the top comp
  • Tract size (106.68 ac → 111.26 ac)-1.0%
  • Access (Paved → Gravel)-15.3%
  • Market time (10 mo)+3.5%

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.