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Houghton County, MI · Sold

MI-442158

5047 County Road 66

$18,100
$6,329/ac · 2.86 ac
Acreage2.86 ac
Price per acre$6,329/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedJan 14, 2024
Coordinates47.0686, -88.6177
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

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope10.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power105 ft away

Power at or near the road.

Buildable area2.65 of 2.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$16,656
$13,890$19,422 · $5,824/ac on 2.86 ac
Asking vs estimate
+8.7%
Priced above the comp set

Weighted from 8 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 $18,100
Maximum allowable offer
$9,518
$3,328/ac · +30.0% target margin

You need $8,582 off asking to hit this margin.

All-in cost$10,327
Net resale$15,324
Projected profit$4,997
ROI+48.4%
Annualized+69.2%
Break-even resale$3,925/ac
Profit if resale lands off target
-20%
$1,932
-10%
$3,464
0%
$4,997
+10%
$6,529
+20%
$8,061
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0286,3745.5 mi
76
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1105,9441.8 mi
75
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6544,34310.2 mi
68
MI-443228
Gravel · Power at road
6.2Sep 18, 2024$39,9006,4147,1472.8 mi
68
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6206,72010.3 mi
66
MI-531241
Landlocked · Full utilities
1.5May 20, 2024$5,4003,6614,7626.5 mi
66
MI-363420
Gravel · Off grid
7.2Jan 16, 2025$26,3003,6724,7918.3 mi
63
MI-453037
Dirt · Full utilities
5.4Oct 10, 2024$33,0006,0956,4129.0 mi
61
Show adjustment detail for the top comp
  • Tract size (3.63 ac → 2.86 ac)+0.7%
  • Access (Dirt → Gravel)+16.3%
  • Market time (23 mo)+8.2%

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.