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Washington County, RI · Sold

RI-864796

2197 County Road 121

$150,000
$23,220/ac · 6.46 ac
Acreage6.46 ac
Price per acre$23,220/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedApr 24, 2026
Coordinates41.4402, -71.7133
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

4 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands20.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.7%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

242 ft of deeded road frontage.

Power9,182 ft away

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

Buildable area4.87 of 6.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$126,498
$99,289$153,708 · $19,582/ac on 6.46 ac
Asking vs estimate
+18.6%
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 $150,000
Maximum allowable offer
$72,285
$11,190/ac · +30.0% target margin

You need $77,715 off asking to hit this margin.

All-in cost$78,429
Net resale$116,379
Projected profit$37,949
ROI+48.4%
Annualized+69.2%
Break-even resale$13,196/ac
Profit if resale lands off target
-20%
$14,674
-10%
$26,312
0%
$37,949
+10%
$49,587
+20%
$61,225
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-175484
Gravel · Off grid
10.6Jul 27, 2026$145,80013,71814,23311.4 mi
78
RI-945399
Dirt · Off grid
10.0May 11, 2025$204,20020,43925,7793.3 mi
72
RI-537299
Dirt · Off grid
39.6Jul 27, 2026$633,50016,01122,9445.0 mi
67
RI-532741
Gravel · Full utilities
1.5Mar 22, 2025$47,90032,78323,0693.7 mi
65
RI-642397
Gravel · Full utilities
1.1Feb 22, 2026$28,00024,52316,5708.3 mi
62
RI-843004
Dirt · Full utilities
1.8Sep 17, 2024$34,60019,67816,4778.6 mi
54
RI-362144
Dirt · Off grid
0.9Nov 30, 2024$13,70014,42117,05412.4 mi
51
Show adjustment detail for the top comp
  • Tract size (10.63 ac → 6.46 ac)+3.5%

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.