Comparable sales & offer analysis
Parcel RI-383281
Newport County, RI · 2.15 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$57,700
Adjusted value
$74,283
Value range
$64,972–$83,594
Comp $/acre
$34,550/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.3% versus the adjusted value.
Offer position
Max allowable offer
$42,447
Offer $/acre
$19,743/ac
Projected profit
$22,285
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-972997 | 1.8 | Jul 27, 2026 | $80,000 | 45,713 | 36,282 | 82 |
| RI-362407 | 1.1 | Jun 19, 2026 | $49,400 | 43,331 | 29,521 | 76 |
| RI-924823 | 6.6 | Jul 27, 2026 | $187,900 | 28,555 | 29,991 | 73 |
| RI-644907 | 7.0 | Jul 27, 2026 | $342,800 | 48,969 | 41,297 | 67 |
| RI-734904 | 7.0 | Sep 19, 2024 | $295,400 | 42,316 | 32,670 | 60 |
| RI-421939 | 0.8 | Nov 5, 2024 | $61,800 | 76,327 | 38,419 | 60 |
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.