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Taos County, NM · Sold

NM-772951

1378 County Road 398

$33,300
$2,707/ac · 12.30 ac
Acreage12.30 ac
Price per acre$2,707/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedNov 18, 2024
Coordinates36.5123, -105.7670
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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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands8.6% of tract

Little to no mapped wetland coverage.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area10.68 of 12.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$30,589
$24,413$36,765 · $2,487/ac on 12.30 ac
Asking vs estimate
+8.9%
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 $33,300
Maximum allowable offer
$17,480
$1,421/ac · +30.0% target margin

You need $15,820 off asking to hit this margin.

All-in cost$18,966
Net resale$28,142
Projected profit$9,176
ROI+48.4%
Annualized+69.2%
Break-even resale$1,676/ac
Profit if resale lands off target
-20%
$3,548
-10%
$6,362
0%
$9,176
+10%
$11,990
+20%
$14,805
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-972943
Dirt · Full utilities
12.2Jul 27, 2026$25,2002,0632,0664.2 mi
92
NM-113332
Gravel · Full utilities
16.2Feb 7, 2025$60,4003,7253,5061.7 mi
75
NM-832416
Landlocked · Off grid
8.3Jul 27, 2026$10,4001,2452,19616.1 mi
73
NM-663630
Dirt · Power at road
20.1Feb 22, 2024$38,8001,9272,7414.4 mi
67
NM-791535
Paved · Power at road
4.4Jul 27, 2026$11,4002,5752,14811.3 mi
67
NM-834319
Paved · Full utilities
33.1Nov 10, 2025$74,6002,2531,92614.0 mi
62
NM-541405
Paved · Power at road
4.0May 29, 2025$12,4003,0802,68416.1 mi
55
NM-974501
Gravel · Off grid
37.8Jul 28, 2024$66,3001,7542,73512.7 mi
53
Show adjustment detail for the top comp

    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.