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Steuben County, NY · Sold

NY-667728

5465 County Road 397

$748,000
$5,037/ac · 148 ac
Acreage148 ac
Price per acre$5,037/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedOct 29, 2024
Coordinates42.2483, -77.3081
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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

Steuben County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Steuben market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands18.9% 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

1,529 ft of deeded road frontage.

Power94 ft away

Power at or near the road.

Buildable area114.40 of 148.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$567,689
$408,736$726,641 · $3,823/ac on 148 ac
Asking vs estimate
+31.8%
Priced above the comp set

Weighted from 9 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 $748,000
Maximum allowable offer
$324,393
$2,185/ac · +30.0% target margin

You need $423,607 off asking to hit this margin.

All-in cost$351,966
Net resale$522,273
Projected profit$170,307
ROI+48.4%
Annualized+69.3%
Break-even resale$2,576/ac
Profit if resale lands off target
-20%
$65,852
-10%
$118,080
0%
$170,307
+10%
$222,534
+20%
$274,762
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-248195
Gravel · Power at road
208.3May 16, 2025$585,8002,8133,2476.6 mi
74
NY-387469
Landlocked · Off grid
123.1Jun 8, 2025$277,0002,2503,8928.4 mi
72
NY-887301
Dirt · Power at road
109.0Apr 5, 2025$291,4002,6743,0357.7 mi
71
NY-789269
Gravel · Off grid
453.4Jun 20, 2026$787,3001,7362,8288.3 mi
69
NY-466324
Dirt · Power at road
53.7Sep 27, 2025$170,4003,1743,0040.7 mi
69
NY-146151
Gravel · Off grid
47.4Jun 30, 2025$196,8004,1553,9185.7 mi
64
NY-618718
Paved · Off grid
304.2Feb 13, 2025$1,006,3003,3084,2867.1 mi
63
NY-549453
Gravel · Off grid
518.1Feb 6, 2025$1,130,0002,1813,90912.3 mi
61
NY-256092
Paved · Power at road
45.4May 21, 2024$447,8009,8676,9436.5 mi
57
Show adjustment detail for the top comp
  • Tract size (208.26 ac → 148.49 ac)+9.7%
  • Market time (15 mo)+5.3%

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.