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Wake County, NC · Sold

NC-689139

1037 County Road 101

$955,400
$2,830/ac · 338 ac
Acreage338 ac
Price per acre$2,830/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedApr 28, 2025
Coordinates35.8706, -78.6073
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

4 items to verify before you offer.

Risk index
28
Low risk
Wetlands18.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,121 ft of deeded road frontage.

Power11,562 ft away

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

Buildable area263.02 of 337.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$776,027
$651,455$900,600 · $2,298/ac on 338 ac
Asking vs estimate
+23.1%
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 $955,400
Maximum allowable offer
$443,444
$1,313/ac · +30.0% target margin

You need $511,956 off asking to hit this margin.

All-in cost$481,137
Net resale$713,945
Projected profit$232,808
ROI+48.4%
Annualized+69.2%
Break-even resale$1,549/ac
Profit if resale lands off target
-20%
$90,019
-10%
$161,414
0%
$232,808
+10%
$304,203
+20%
$375,597
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-688672
Gravel · Power at road
240.7Jul 27, 2026$777,1003,2282,14410.2 mi
82
NC-158460
Gravel · Full utilities
206.5Jul 27, 2026$697,1003,3771,7616.3 mi
77
NC-867907
Gravel · Off grid
138.3Jan 2, 2026$392,9002,8401,9523.0 mi
75
NC-848769
Gravel · Off grid
258.3Oct 5, 2023$663,8002,5702,2914.5 mi
74
NC-838353
Gravel · Full utilities
191.1Jul 27, 2026$940,1004,9202,51111.8 mi
72
NC-119112
Paved · Power at road
331.1Dec 29, 2023$1,266,4003,8252,6168.2 mi
70
NC-188800
Gravel · Power at road
264.1Aug 10, 2024$1,048,0003,9682,9297.6 mi
68
Show adjustment detail for the top comp
  • Tract size (240.73 ac → 337.64 ac)-9.3%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%

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.