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Santa Fe County, NM · Sold

NM-344525

7502 County Road 298

$100,500
$2,613/ac · 38.46 ac
Acreage38.46 ac
Price per acre$2,613/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedApr 7, 2025
Coordinates35.4141, -105.9205
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

Santa Fe County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Santa Fe market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands3.8% of tract

Little to no mapped wetland coverage.

Average slope23.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area22.20 of 38.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$101,877
$73,352$130,403 · $2,649/ac on 38.46 ac
Asking vs estimate
-1.4%
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 $100,500
Maximum allowable offer
$58,216
$1,514/ac · +30.0% target margin

You need $42,284 off asking to hit this margin.

All-in cost$63,164
Net resale$93,727
Projected profit$30,563
ROI+48.4%
Annualized+69.2%
Break-even resale$1,785/ac
Profit if resale lands off target
-20%
$11,817
-10%
$21,190
0%
$30,563
+10%
$39,935
+20%
$49,308
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-485387
Paved · Off grid
71.8Jul 27, 2026$114,4001,5932,20510.1 mi
72
NM-715736
Gravel · Power at road
92.5Jul 27, 2026$263,0002,8444,1899.8 mi
72
NM-845436
Landlocked · Power at road
74.4Oct 21, 2025$59,7008031,7059.7 mi
70
NM-193540
Landlocked · Power at road
18.8Jul 4, 2026$26,2001,3902,25013.2 mi
69
NM-955581
Gravel · Off grid
82.7Apr 1, 2024$90,5001,0962,0283.7 mi
69
NM-394161
Dirt · Off grid
29.5Jun 13, 2024$44,0001,4892,59414.4 mi
68
NM-823549
Dirt · Off grid
19.0Nov 7, 2024$38,0002,0033,22712.8 mi
63
NM-812908
Paved · Power at road
11.9Jun 23, 2025$39,8003,3373,09113.5 mi
56
Show adjustment detail for the top comp
  • Tract size (71.81 ac → 38.46 ac)+13.5%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.