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Clay County, MN · Sold

MN-180046

3462 County Road 297

$4,700
$7,015/ac · 0.67 ac
Acreage0.67 ac
Price per acre$7,015/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedOct 26, 2023
Coordinates46.9674, -96.4182
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Clay County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Clay market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands17.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

149 ft of deeded road frontage.

Power100 ft away

Power at or near the road.

Buildable area0.53 of 0.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,123
$5,233$7,013 · $9,139/ac on 0.67 ac
Asking vs estimate
-23.2%
Priced below the comp set

Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $4,700
Maximum allowable offer
$3,499
$5,222/ac · +30.0% target margin

You need $1,201 off asking to hit this margin.

All-in cost$3,796
Net resale$5,633
Projected profit$1,837
ROI+48.4%
Annualized+69.2%
Break-even resale$6,159/ac
Profit if resale lands off target
-20%
$710
-10%
$1,273
0%
$1,837
+10%
$2,400
+20%
$2,963
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-820925
Landlocked · Power at road
1.3Sep 29, 2025$8,8006,91510,6101.8 mi
73
MN-772011
Dirt · Power at road
2.8Jul 27, 2026$21,9007,8499,3454.6 mi
70
MN-330759
Dirt · Off grid
1.1Oct 15, 2024$6,4005,7048,4455.7 mi
65
MN-771324
Dirt · Power at road
1.7Feb 2, 2025$13,8008,09810,1298.7 mi
61
MN-591831
Dirt · Off grid
2.5Dec 11, 2024$11,1004,5386,7664.5 mi
58
Show adjustment detail for the top comp
  • Tract size (1.27 ac → 0.67 ac)+0.6%
  • Access (Landlocked → Gravel)+47.1%
  • Market time (11 mo)+3.7%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.