Comparable sales & offer analysis
Parcel RI-571107
Newport County, RI · 0.45 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$21,000
Adjusted value
$17,621
Value range
$14,765–$20,476
Comp $/acre
$39,157/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +19.2% versus the adjusted value.
Offer position
Max allowable offer
$10,069
Offer $/acre
$22,375/ac
Projected profit
$5,286
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 |
|---|---|---|---|---|---|---|
| RI-371146 | 0.5 | Jul 27, 2026 | $16,800 | 36,516 | 42,559 | 90 |
| RI-861008 | 0.4 | Sep 11, 2025 | $15,800 | 37,668 | 38,668 | 78 |
| RI-362407 | 1.1 | Jun 19, 2026 | $49,400 | 43,331 | 37,341 | 73 |
| RI-150199 | 0.3 | Sep 25, 2024 | $9,700 | 32,342 | 28,236 | 67 |
| RI-421939 | 0.8 | Nov 5, 2024 | $61,800 | 76,327 | 48,612 | 63 |
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.