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Houghton County, MI · Sold

MI-132483

7747 County Road 274

$19,500
$5,372/ac · 3.63 ac
Acreage3.63 ac
Price per acre$5,372/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedOct 29, 2023
Coordinates46.9914, -88.5926
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
45
Moderate risk
Wetlands34.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power195 ft away

Power at or near the road.

Buildable area2.25 of 3.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$18,041
$15,248$20,835 · $4,970/ac on 3.63 ac
Asking vs estimate
+8.1%
Priced above 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 $19,500
Maximum allowable offer
$10,309
$2,840/ac · +30.0% target margin

You need $9,191 off asking to hit this margin.

All-in cost$11,185
Net resale$16,598
Projected profit$5,413
ROI+48.4%
Annualized+69.3%
Break-even resale$3,349/ac
Profit if resale lands off target
-20%
$2,093
-10%
$3,753
0%
$5,413
+10%
$7,073
+20%
$8,732
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-442158
Gravel · Power at road
2.9Sep 26, 2024$16,8005,8675,4055.5 mi
76
MI-714133
Dirt · Power at road
12.0Jul 27, 2026$54,2004,5284,8723.5 mi
75
MI-453037
Dirt · Full utilities
5.4Oct 10, 2024$33,0006,0955,4745.0 mi
70
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1105,0744.1 mi
69
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6205,7364.9 mi
69
MI-443228
Gravel · Power at road
6.2Sep 18, 2024$39,9006,4146,1012.7 mi
69
MI-531241
Landlocked · Full utilities
1.5May 20, 2024$5,4003,6614,0652.0 mi
66
MI-363420
Gravel · Off grid
7.2Jan 16, 2025$26,3003,6724,0903.9 mi
65
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6543,7077.5 mi
64
Show adjustment detail for the top comp
  • Tract size (2.86 ac → 3.63 ac)-0.7%
  • Access (Gravel → Dirt)-14.0%
  • Market time (23 mo)+7.9%

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.