Comparable sales & offer analysis
Parcel NY-848193
Herkimer County, NY · 208 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$395,900
Adjusted value
$479,784
Value range
$399,655–$559,913
Comp $/acre
$2,307/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.5% versus the adjusted value.
Offer position
Max allowable offer
$274,162
Offer $/acre
$1,318/ac
Projected profit
$143,935
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-498303 | 225.2 | Jan 8, 2026 | $472,900 | 2,100 | 2,213 | 84 |
| NY-988210 | 210.5 | Jul 27, 2026 | $572,400 | 2,719 | 2,717 | 81 |
| NY-848352 | 233.3 | Nov 1, 2025 | $514,600 | 2,205 | 2,005 | 77 |
| NY-448552 | 269.7 | Oct 16, 2025 | $413,500 | 1,533 | 1,997 | 77 |
| NY-209047 | 386.1 | Mar 30, 2026 | $1,119,100 | 2,899 | 3,010 | 75 |
| NY-537705 | 146.0 | Jul 27, 2026 | $396,700 | 2,717 | 1,791 | 75 |
| NY-426925 | 83.0 | Jun 30, 2026 | $289,600 | 3,489 | 2,780 | 74 |
| NY-889307 | 466.1 | Apr 20, 2025 | $1,037,800 | 2,227 | 2,082 | 71 |
| NY-647203 | 101.5 | Jul 27, 2026 | $199,000 | 1,960 | 2,043 | 69 |
| NY-187526 | 128.3 | Oct 6, 2024 | $279,100 | 2,176 | 2,406 | 69 |
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.