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Wake County, NC · Sold

NC-623823

3960 County Road 161

$54,900
$7,646/ac · 7.18 ac
Acreage7.18 ac
Price per acre$7,646/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedOct 28, 2024
Coordinates35.8270, -78.6212
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

Wake County, North Carolina. Piedmont builder demand plus mountain view lots in the west.

View Wake market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands14.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

326 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.86 of 7.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$46,971
$39,282$54,660 · $6,542/ac on 7.18 ac
Asking vs estimate
+16.9%
Priced above the comp set

Weighted from 10 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 $54,900
Maximum allowable offer
$26,841
$3,738/ac · +30.0% target margin

You need $28,059 off asking to hit this margin.

All-in cost$29,122
Net resale$43,213
Projected profit$14,091
ROI+48.4%
Annualized+69.2%
Break-even resale$4,409/ac
Profit if resale lands off target
-20%
$5,448
-10%
$9,770
0%
$14,091
+10%
$18,412
+20%
$22,734
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-974370
Gravel · Off grid
10.7Jul 27, 2026$62,8005,8837,4903.1 mi
81
NC-433644
Landlocked · Power at road
6.3Jan 19, 2025$31,3004,9678,1072.0 mi
75
NC-285199
Landlocked · Off grid
19.4Jul 27, 2026$50,7002,6055,1932.0 mi
73
NC-604686
Gravel · Power at road
13.4Jul 27, 2026$67,4005,0295,5569.0 mi
73
NC-303172
Gravel · Off grid
4.5Jan 18, 2026$23,5005,2406,4655.2 mi
73
NC-653504
Dirt · Power at road
5.7Mar 14, 2024$21,2003,7124,9252.6 mi
73
NC-644612
Landlocked · Off grid
12.7Dec 7, 2024$41,2003,2456,5952.2 mi
72
NC-154945
Landlocked · Full utilities
16.2May 9, 2026$93,1005,7557,8897.0 mi
72
NC-825316
Gravel · Power at road
21.2Aug 26, 2025$124,3005,8727,1027.5 mi
66
NC-122149
Landlocked · Off grid
2.1Mar 21, 2025$6,9003,2345,9321.8 mi
62
Show adjustment detail for the top comp
  • Tract size (10.67 ac → 7.18 ac)+2.9%
  • Access (Gravel → Dirt)-14.0%
  • 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.