Comparable sales & offer analysis
Parcel RI-571107
Newport County, RI · 0.45 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$21,000
Adjusted value
$17,714
Value range
$14,838–$20,590
Comp $/acre
$39,364/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +18.6% versus the adjusted value.
Offer position
Max allowable offer
$10,122
Offer $/acre
$22,494/ac
Projected profit
$5,314
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 | 42,796 | 89 |
| RI-861008 | 0.4 | Sep 11, 2025 | $15,800 | 37,668 | 38,876 | 77 |
| RI-362407 | 1.1 | Jun 19, 2026 | $49,400 | 43,331 | 37,548 | 71 |
| RI-150199 | 0.3 | Sep 25, 2024 | $9,700 | 32,342 | 28,382 | 66 |
| RI-421939 | 0.8 | Nov 5, 2024 | $61,800 | 76,327 | 48,865 | 62 |
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.