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Waldo County, ME · Sold

ME-878921

4523 County Road 197

$774,900
$1,273/ac · 609 ac
Acreage609 ac
Price per acre$1,273/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedJul 20, 2024
Coordinates44.5305, -69.2421
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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

Waldo County, Maine. North Woods timberland and lakefront camp lots.

View Waldo market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands19.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,946 ft of deeded road frontage.

Power9,224 ft away

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

Buildable area467.22 of 608.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$723,619
$582,851$864,388 · $1,189/ac on 609 ac
Asking vs estimate
+7.1%
Priced above the comp set

Weighted from 6 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 $774,900
Maximum allowable offer
$413,497
$679/ac · +30.0% target margin

You need $361,403 off asking to hit this margin.

All-in cost$448,644
Net resale$665,730
Projected profit$217,086
ROI+48.4%
Annualized+69.2%
Break-even resale$801/ac
Profit if resale lands off target
-20%
$83,940
-10%
$150,513
0%
$217,086
+10%
$283,659
+20%
$350,232
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
ME-868720
Gravel · Power at road
526.2Oct 26, 2024$1,058,0002,0111,5132.2 mi
78
ME-277910
Dirt · Power at road
292.6Jul 27, 2026$479,5001,6391,1226.4 mi
76
ME-767886
Landlocked · Off grid
287.6Jul 27, 2026$371,0001,2901,3076.4 mi
75
ME-149384
Dirt · Full utilities
851.2Dec 26, 2025$1,418,6001,6671,3229.2 mi
75
ME-798409
Dirt · Full utilities
420.1Jul 11, 2024$510,7001,2168248.8 mi
67
ME-907701
Dirt · Off grid
251.5Jun 5, 2024$286,5001,1399578.5 mi
63
Show adjustment detail for the top comp
  • Tract size (526.2 ac → 608.67 ac)-4.3%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (22 mo)+7.6%

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.