Comparable sales & offer analysis
Parcel RI-383281
Newport County, RI · 2.15 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$57,700
Adjusted value
$73,879
Value range
$64,608–$83,150
Comp $/acre
$34,362/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -21.9% versus the adjusted value.
Offer position
Max allowable offer
$42,217
Offer $/acre
$19,636/ac
Projected profit
$22,164
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 | 36,080 | 83 |
| RI-362407 | 1.1 | Jun 19, 2026 | $49,400 | 43,331 | 29,358 | 77 |
| RI-924823 | 6.6 | Jul 27, 2026 | $187,900 | 28,555 | 29,825 | 74 |
| RI-644907 | 7.0 | Jul 27, 2026 | $342,800 | 48,969 | 41,068 | 69 |
| RI-734904 | 7.0 | Sep 19, 2024 | $295,400 | 42,316 | 32,502 | 61 |
| RI-421939 | 0.8 | Nov 5, 2024 | $61,800 | 76,327 | 38,220 | 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.