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Southeastern Connecticut Planning Region County, CT · Sold

CT-474813

1465 County Road 242

$129,200
$15,814/ac · 8.17 ac
Acreage8.17 ac
Price per acre$15,814/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedMay 30, 2026
Coordinates41.5322, -72.1432
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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

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

View Southeastern Connecticut Planning Region market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands11.8% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

472 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area6.85 of 8.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$167,056
$120,280$213,832 · $20,447/ac on 8.17 ac
Asking vs estimate
-22.7%
Priced below 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 $129,200
Maximum allowable offer
$95,461
$11,684/ac · +30.0% target margin

You need $33,739 off asking to hit this margin.

All-in cost$103,575
Net resale$153,691
Projected profit$50,116
ROI+48.4%
Annualized+69.2%
Break-even resale$13,780/ac
Profit if resale lands off target
-20%
$19,378
-10%
$34,747
0%
$50,116
+10%
$65,485
+20%
$80,855
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CT-944703
Gravel · Power at road
7.5Apr 7, 2026$111,30014,75715,6315.3 mi
86
CT-294700
Paved · Off grid
7.5Jul 27, 2026$222,20029,50530,7657.1 mi
83
CT-225795
Gravel · Power at road
16.6Apr 16, 2026$191,30011,49813,0423.6 mi
73
CT-124747
Landlocked · Power at road
7.8Aug 30, 2024$83,80010,75917,9109.2 mi
71
CT-223364
Dirt · Power at road
2.9Dec 22, 2025$59,70020,88124,9421.8 mi
70
CT-293671
Landlocked · Full utilities
3.6Nov 20, 2024$43,60012,21615,9083.1 mi
70
CT-274316
Landlocked · Power at road
5.7Sep 5, 2024$67,40011,82019,3085.6 mi
67
CT-966504
Landlocked · Off grid
27.8Feb 17, 2024$327,60011,78026,9797.4 mi
54
Show adjustment detail for the top comp
  • Tract size (7.54 ac → 8.17 ac)-0.5%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (4 mo)+1.5%

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.