Comparable sales & offer analysis
Parcel NY-498303
Herkimer County, NY · 225 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$533,100
Adjusted value
$498,542
Value range
$412,605–$584,480
Comp $/acre
$2,214/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +6.9% versus the adjusted value.
Offer position
Max allowable offer
$284,881
Offer $/acre
$1,265/ac
Projected profit
$149,563
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NY-988210 | 210.5 | Jul 27, 2026 | $572,400 | 2,719 | 2,657 | 85 |
| NY-537705 | 146.0 | Jul 27, 2026 | $396,700 | 2,717 | 1,751 | 80 |
| NY-848193 | 208.0 | Feb 11, 2025 | $414,900 | 1,995 | 2,085 | 79 |
| NY-848352 | 233.3 | Nov 1, 2025 | $514,600 | 2,205 | 1,961 | 76 |
| NY-448552 | 269.7 | Oct 16, 2025 | $413,500 | 1,533 | 1,953 | 75 |
| NY-647203 | 101.5 | Jul 27, 2026 | $199,000 | 1,960 | 1,997 | 74 |
| NY-209047 | 386.1 | Mar 30, 2026 | $1,119,100 | 2,899 | 2,943 | 72 |
| NY-426925 | 83.0 | Jun 30, 2026 | $289,600 | 3,489 | 2,718 | 71 |
| NY-889307 | 466.1 | Apr 20, 2025 | $1,037,800 | 2,227 | 2,036 | 70 |
| NY-919831 | 681.3 | Apr 12, 2026 | $958,400 | 1,407 | 2,041 | 68 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.