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Taos County, NM · Sold

NM-663630

2488 County Road 238

$47,200
$2,347/ac · 20.11 ac
Acreage20.11 ac
Price per acre$2,347/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedDec 12, 2023
Coordinates36.5552, -105.7074
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

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
16
Low risk
Wetlands8.8% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power173 ft away

Power at or near the road.

Buildable area17.42 of 20.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$39,330
$31,226$47,434 · $1,956/ac on 20.11 ac
Asking vs estimate
+20.0%
Priced above 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 $47,200
Maximum allowable offer
$22,474
$1,118/ac · +30.0% target margin

You need $24,726 off asking to hit this margin.

All-in cost$24,384
Net resale$36,184
Projected profit$11,799
ROI+48.4%
Annualized+69.3%
Break-even resale$1,318/ac
Profit if resale lands off target
-20%
$4,563
-10%
$8,181
0%
$11,799
+10%
$15,418
+20%
$19,036
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-972943
Dirt · Full utilities
12.2Jul 27, 2026$25,2002,0631,6043.1 mi
86
NM-113332
Gravel · Full utilities
16.2Feb 7, 2025$60,4003,7252,7223.0 mi
74
NM-772951
Dirt · Full utilities
12.3Feb 15, 2025$32,6002,6482,1854.4 mi
70
NM-832416
Landlocked · Off grid
8.3Jul 27, 2026$10,4001,2451,70511.7 mi
68
NM-834319
Paved · Full utilities
33.1Nov 10, 2025$74,6002,2531,49511.9 mi
68
NM-974501
Gravel · Off grid
37.8Jul 28, 2024$66,3001,7542,1248.3 mi
62
NM-895308
Gravel · Full utilities
67.8Jan 30, 2025$136,8002,0161,87512.1 mi
54
Show adjustment detail for the top comp
  • Tract size (12.23 ac → 20.11 ac)-5.3%
  • Utilities (Full utilities → Power at road)-18.0%

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.