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Houghton County, MI · Sold

MI-906599

2463 County Road 19

$135,600
$1,897/ac · 71.50 ac
Acreage71.50 ac
Price per acre$1,897/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedAug 26, 2023
Coordinates46.9657, -88.6130
Loading terrain…
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

Houghton County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Houghton market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands10.1% of tract

Little to no mapped wetland coverage.

Average slope12.1%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,850 ft of deeded road frontage.

Power5,038 ft away

A long utility run — price in solar/off-grid instead.

Buildable area51.42 of 71.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$203,293
$148,664$257,921 · $2,843/ac on 71.50 ac
Asking vs estimate
-33.3%
Priced below the comp set

Weighted from 9 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 $135,600
Maximum allowable offer
$116,167
$1,625/ac · +30.0% target margin

You need $19,433 off asking to hit this margin.

All-in cost$126,041
Net resale$187,029
Projected profit$60,988
ROI+48.4%
Annualized+69.3%
Break-even resale$1,916/ac
Profit if resale lands off target
-20%
$23,582
-10%
$42,285
0%
$60,988
+10%
$79,691
+20%
$98,394
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-756521
Dirt · Power at road
67.6Oct 13, 2025$313,4004,6384,0305.9 mi
80
MI-595568
Dirt · Off grid
33.9May 22, 2026$106,1003,1322,7272.7 mi
78
MI-325971
Dirt · Off grid
45.4Jun 11, 2025$81,2001,7901,7071.8 mi
77
MI-485665
Landlocked · Full utilities
36.3May 13, 2026$171,8004,7263,6743.3 mi
74
MI-377975
Dirt · Full utilities
193.7Mar 14, 2026$460,8002,3782,1725.1 mi
70
MI-985743
Dirt · Off grid
38.5May 25, 2024$126,7003,2953,1765.4 mi
67
MI-778002
Dirt · Off grid
197.6Apr 19, 2025$461,9002,3383,1965.4 mi
66
MI-315360
Paved · Off grid
29.1Sep 20, 2024$82,7002,8381,8798.1 mi
65
MI-518197
Landlocked · Power at road
227.5Apr 30, 2025$432,4001,9002,9025.5 mi
60
Show adjustment detail for the top comp
  • Tract size (67.57 ac → 71.5 ac)-1.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (10 mo)+3.5%

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.