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Vermilion County, LA · Sold

LA-228862

2903 County Road 155

$847,800
$2,125/ac · 399 ac
Acreage399 ac
Price per acre$2,125/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJan 22, 2025
Coordinates29.8607, -92.3230
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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

Vermilion County, Louisiana. Timber and marsh-adjacent tracts; drainage defines usable acreage.

View Vermilion market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope6.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,624 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area339.66 of 399.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,101,103
$887,563$1,314,643 · $2,759/ac on 399 ac
Asking vs estimate
-23.0%
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 $847,800
Maximum allowable offer
$629,202
$1,577/ac · +30.0% target margin

You need $218,598 off asking to hit this margin.

All-in cost$682,684
Net resale$1,013,015
Projected profit$330,331
ROI+48.4%
Annualized+69.2%
Break-even resale$1,860/ac
Profit if resale lands off target
-20%
$127,728
-10%
$229,029
0%
$330,331
+10%
$431,632
+20%
$532,934
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
LA-338318
Dirt · Full utilities
269.1Jul 27, 2026$720,5002,6782,7807.3 mi
84
LA-588353
Paved · Full utilities
276.0Jul 27, 2026$931,7003,3762,5739.4 mi
84
LA-538511
Dirt · Power at road
309.4Jul 4, 2026$812,9002,6273,4755.7 mi
80
LA-107955
Dirt · Off grid
206.8Jun 4, 2026$282,7001,3671,9024.7 mi
74
LA-539693
Paved · Off grid
728.5Nov 14, 2025$1,628,6002,2353,36610.7 mi
72
LA-729660
Landlocked · Off grid
711.3May 30, 2025$587,0008252,1804.9 mi
67
LA-967812
Landlocked · Off grid
186.5Aug 28, 2025$316,3001,6962,9936.9 mi
66
Show adjustment detail for the top comp
  • Tract size (269.07 ac → 399.04 ac)-10.9%
  • Access (Dirt → Gravel)+16.3%

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.