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Washington County, RI · Sold

RI-958552

1462 County Road 213

$1,561,000
$15,916/ac · 98.08 ac
Acreage98.08 ac
Price per acre$15,916/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedAug 6, 2025
Coordinates41.4145, -71.6244
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

Washington County, Rhode Island. Almost no raw land market; subdivided lots only.

View Washington market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
18
Low risk
Wetlands9.6% of tract

Little to no mapped wetland coverage.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,009 ft of deeded road frontage.

Power6,382 ft away

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

Buildable area84.23 of 98.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,312,675
$945,354$1,679,997 · $13,384/ac on 98.08 ac
Asking vs estimate
+18.9%
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 $1,561,000
Maximum allowable offer
$750,100
$7,648/ac · +30.0% target margin

You need $810,900 off asking to hit this margin.

All-in cost$813,859
Net resale$1,207,661
Projected profit$393,803
ROI+48.4%
Annualized+69.2%
Break-even resale$9,019/ac
Profit if resale lands off target
-20%
$152,270
-10%
$273,037
0%
$393,803
+10%
$514,569
+20%
$635,335
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-518676
Landlocked · Power at road
107.3May 17, 2026$753,3007,0209,0663.7 mi
83
RI-458498
Paved · Power at road
94.3Jul 5, 2025$2,042,40021,65416,1734.3 mi
82
RI-158658
Gravel · Off grid
105.9Jun 22, 2025$1,587,40014,98816,0134.2 mi
82
RI-537299
Dirt · Off grid
39.6Jul 27, 2026$633,50016,01115,3482.2 mi
76
RI-608209
Gravel · Off grid
76.5Jun 28, 2025$619,5008,0997,9978.2 mi
76
RI-239004
Dirt · Full utilities
136.1Jun 2, 2024$1,528,10011,22910,8014.9 mi
72
RI-627866
Dirt · Power at road
59.7Oct 16, 2025$1,212,60020,32218,5456.9 mi
70
Show adjustment detail for the top comp
  • Tract size (107.3 ac → 98.08 ac)+2.2%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (3 mo)+1.0%

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.