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Sussex County, DE · Sold

DE-745214

9240 County Road 289

$71,300
$6,529/ac · 10.92 ac
Acreage10.92 ac
Price per acre$6,529/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedNov 19, 2024
Coordinates38.7566, -75.3562
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

Sussex County, Delaware. Small coastal-adjacent tracts with strong residential conversion demand.

View Sussex market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
27
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power123 ft away

Power at or near the road.

Buildable area10.33 of 10.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$85,394
$61,483$109,304 · $7,820/ac on 10.92 ac
Asking vs estimate
-16.5%
Priced below 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 $71,300
Maximum allowable offer
$48,796
$4,469/ac · +30.0% target margin

You need $22,504 off asking to hit this margin.

All-in cost$52,944
Net resale$78,562
Projected profit$25,618
ROI+48.4%
Annualized+69.3%
Break-even resale$5,270/ac
Profit if resale lands off target
-20%
$9,906
-10%
$17,762
0%
$25,618
+10%
$33,475
+20%
$41,331
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
DE-154770
Dirt · Power at road
7.9Jul 27, 2026$68,8008,6906,7213.4 mi
88
DE-465291
Landlocked · Full utilities
11.6Dec 12, 2024$67,5005,8435,1517.7 mi
75
DE-516733
Landlocked · Full utilities
32.8Jun 11, 2026$188,4005,7375,4359.0 mi
73
DE-836019
Landlocked · Power at road
19.6Nov 8, 2024$189,4009,67711,0541.2 mi
72
DE-513820
Dirt · Off grid
4.0Jul 27, 2026$55,10013,83712,1554.4 mi
71
DE-885457
Dirt · Full utilities
13.0Oct 31, 2024$132,00010,1347,17710.9 mi
68
DE-746348
Landlocked · Power at road
24.8May 20, 2025$159,3006,4137,41010.4 mi
65
Show adjustment detail for the top comp
  • Tract size (7.92 ac → 10.92 ac)-2.4%
  • Access (Dirt → Landlocked)-20.9%

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.