South Central Connecticut Planning Region County, CT · Sold

CT-609527

8671 County Road 387

$8,026,900

$32,307/ac · 248 ac

Offer report Market this tract

Acreage248 ac

Price per acre$32,307/ac

ZoningRecreational

Road accessPaved

UtilitiesFull utilities

TopographyWooded

ListedJun 3, 2024

Coordinates41.2963, -72.7583

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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

South Central Connecticut Planning Region County, Connecticut. Scarce buildable inland lots; approvals matter more than acreage.

View South Central Connecticut Planning Region market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands4.9% of tract

Little to no mapped wetland coverage.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,772 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area224.47 of 248.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$6,445,704

$5,048,844 – $7,842,565 · $25,943/ac on 248 ac

Asking vs estimate

+24.5%

Priced above 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 $8,026,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$3,683,260

$14,824/ac · +30.0% target margin

You need $4,343,640 off asking to hit this margin.

All-in cost$3,996,337

Net resale$5,930,048

Projected profit$1,933,711

ROI+48.4%

Annualized+69.2%

Break-even resale$17,483/ac

Profit if resale lands off target

-20%

$747,701

-10%

$1,340,706

$1,933,711

+10%

$2,526,716

+20%

$3,119,720

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
CT-159858 Gravel · Power at road	315.8	Jul 27, 2026	$5,582,600	17,678	27,336	2.9 mi	87
CT-929367 Paved · Full utilities	221.3	Feb 23, 2026	$4,923,400	22,251	21,960	9.2 mi	82
CT-679902 Gravel · Power at road	326.0	Jul 27, 2026	$8,002,000	24,545	38,310	8.7 mi	79
CT-839254 Landlocked · Power at road	203.9	Apr 17, 2026	$2,795,800	13,713	27,835	8.4 mi	77
CT-287853 Dirt · Power at road	73.9	Jul 27, 2026	$1,080,000	14,617	17,887	5.9 mi	73
CT-119992 Dirt · Power at road	348.0	Oct 25, 2024	$4,353,600	12,511	24,847	0.8 mi	71
CT-149992 Dirt · Off grid	348.0	Aug 3, 2024	$3,430,700	9,859	23,240	3.9 mi	68
CT-458298 Gravel · Off grid	102.0	Dec 9, 2025	$1,863,400	18,269	25,066	10.1 mi	68

Show adjustment detail for the top comp

Tract size (315.79 ac → 248.46 ac)+7.2%
Access (Gravel → Paved)+18.0%
Utilities (Power at road → Full utilities)+22.0%

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.

Build the listing kit Post a deal or JV