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Taos County, NM · Sold

NM-709977

1696 County Road 353

$2,337,500
$1,171/ac · 1,996 ac
Acreage1,996 ac
Price per acre$1,171/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedAug 31, 2023
Coordinates36.6569, -105.7029
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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

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

View Taos market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
52
Moderate risk
Wetlands49.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.4%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area959.70 of 1996.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,543,692
$1,231,815$1,855,570 · $773/ac on 1,996 ac
Asking vs estimate
+51.4%
Priced above the comp set

Weighted from 6 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 $2,337,500
Maximum allowable offer
$882,110
$442/ac · +30.0% target margin

You need $1,455,390 off asking to hit this margin.

All-in cost$957,089
Net resale$1,420,197
Projected profit$463,108
ROI+48.4%
Annualized+69.2%
Break-even resale$521/ac
Profit if resale lands off target
-20%
$179,068
-10%
$321,088
0%
$463,108
+10%
$605,127
+20%
$747,147
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-978975
Landlocked · Off grid
966.1Jul 27, 2026$409,1004236146.0 mi
74
NM-487665
Dirt · Power at road
374.0Jul 27, 2026$281,2007525494.8 mi
68
NM-138448
Gravel · Off grid
659.5Apr 23, 2026$598,3009078048.4 mi
65
NM-578154
Paved · Power at road
533.0Jun 3, 2026$753,7001,41484210.0 mi
64
NM-597788
Paved · Off grid
408.9Feb 21, 2025$567,5001,3889453.0 mi
57
NM-868310
Dirt · Off grid
596.8Dec 3, 2024$543,70091196210.9 mi
57
Show adjustment detail for the top comp
  • Tract size (966.09 ac → 1996.46 ac)-20.3%
  • Access (Landlocked → Dirt)+26.5%
  • 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.