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Providence County, RI · Sold

RI-782397

7048 County Road 390

$24,200
$21,228/ac · 1.14 ac
Acreage1.14 ac
Price per acre$21,228/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedMay 1, 2024
Coordinates41.7919, -71.6594
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

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

View Providence market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
29
Low risk
Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope31.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

100 ft of deeded road frontage.

Power3,092 ft away

Service extension needed; get a utility quote.

Buildable area0.66 of 1.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$19,243
$13,855$24,631 · $16,880/ac on 1.14 ac
Asking vs estimate
+25.8%
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 $24,200
Maximum allowable offer
$10,996
$9,646/ac · +30.0% target margin

You need $13,204 off asking to hit this margin.

All-in cost$11,931
Net resale$17,704
Projected profit$5,773
ROI+48.4%
Annualized+69.3%
Break-even resale$11,376/ac
Profit if resale lands off target
-20%
$2,232
-10%
$4,003
0%
$5,773
+10%
$7,543
+20%
$9,314
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-431599
Landlocked · Power at road
0.6Jul 27, 2026$7,90012,29113,1734.3 mi
77
RI-722692
Gravel · Full utilities
1.4Nov 8, 2025$52,60037,33623,1579.0 mi
73
RI-923051
Gravel · Full utilities
1.8Mar 15, 2025$51,10028,09617,9634.4 mi
73
RI-412816
Dirt · Power at road
1.5Jul 7, 2025$34,60022,49620,09311.0 mi
72
RI-811886
Gravel · Power at road
0.8May 13, 2025$22,80029,18422,3789.5 mi
72
RI-463250
Landlocked · Off grid
2.1Aug 17, 2025$16,8007,94710,5756.5 mi
69
RI-382784
Paved · Power at road
1.5Oct 14, 2024$23,00015,30810,2538.7 mi
67
Show adjustment detail for the top comp
  • Tract size (0.64 ac → 1.14 ac)-0.5%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Off grid)-15.0%

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.