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Vermilion County, LA · Sold

LA-539693

2948 County Road 306

$1,627,000
$2,233/ac · 729 ac
Acreage729 ac
Price per acre$2,233/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedFeb 7, 2025
Coordinates29.7322, -92.2246
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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
15
Low risk
Wetlands3.7% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,836 ft of deeded road frontage.

Power9,140 ft away

A long utility run — price in solar/off-grid instead.

Buildable area666.50 of 728.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,322,780
$1,091,653$1,553,908 · $1,816/ac on 729 ac
Asking vs estimate
+23.0%
Priced above the comp set

Weighted from 5 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 $1,627,000
Maximum allowable offer
$755,874
$1,038/ac · +30.0% target margin

You need $871,126 off asking to hit this margin.

All-in cost$820,123
Net resale$1,216,958
Projected profit$396,835
ROI+48.4%
Annualized+69.2%
Break-even resale$1,224/ac
Profit if resale lands off target
-20%
$153,443
-10%
$275,139
0%
$396,835
+10%
$518,530
+20%
$640,226
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
LA-338318
Dirt · Full utilities
269.1Jul 27, 2026$720,5002,6781,9053.4 mi
77
LA-588353
Paved · Full utilities
276.0Jul 27, 2026$931,7003,3761,76313.2 mi
74
LA-729660
Landlocked · Off grid
711.3May 30, 2025$587,0008251,49413.2 mi
74
LA-538511
Dirt · Power at road
309.4Jul 4, 2026$812,9002,6272,3805.1 mi
72
LA-228862
Gravel · Full utilities
399.0Jul 31, 2025$856,3002,1461,53410.7 mi
70
Show adjustment detail for the top comp
  • Tract size (269.07 ac → 728.54 ac)-25.8%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Off grid)-30.3%

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.