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Wake County, NC · Sold

NC-838353

3991 County Road 124

$964,200
$5,047/ac · 191 ac
Acreage191 ac
Price per acre$5,047/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedSep 27, 2025
Coordinates35.7024, -78.5737
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

2 items to verify before you offer.

Risk index
28
Low risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope31.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,191 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area109.36 of 191.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$877,178
$717,090$1,037,265 · $4,591/ac on 191 ac
Asking vs estimate
+9.9%
Priced above the comp set

Weighted from 8 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 $964,200
Maximum allowable offer
$501,244
$2,623/ac · +30.0% target margin

You need $462,956 off asking to hit this margin.

All-in cost$543,850
Net resale$807,004
Projected profit$263,154
ROI+48.4%
Annualized+69.3%
Break-even resale$3,094/ac
Profit if resale lands off target
-20%
$101,753
-10%
$182,453
0%
$263,154
+10%
$343,854
+20%
$424,555
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-158460
Gravel · Full utilities
206.5Jul 27, 2026$697,1003,3773,45813.7 mi
84
NC-688672
Gravel · Power at road
240.7Jul 27, 2026$777,1003,2284,2126.1 mi
84
NC-867907
Gravel · Off grid
138.3Jan 2, 2026$392,9002,8403,8338.8 mi
76
NC-188800
Gravel · Power at road
264.1Aug 10, 2024$1,048,0003,9685,7534.1 mi
72
NC-689139
Dirt · Off grid
337.6Apr 27, 2026$1,002,2002,9685,90411.8 mi
70
NC-848769
Gravel · Off grid
258.3Oct 5, 2023$663,8002,5704,5007.7 mi
68
NC-727370
Gravel · Power at road
93.7Nov 29, 2024$375,3004,0044,34810.2 mi
63
NC-119112
Paved · Power at road
331.1Dec 29, 2023$1,266,4003,8255,13815.4 mi
57
Show adjustment detail for the top comp
  • Tract size (206.46 ac → 191.06 ac)+2.2%

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.