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Houghton County, MI · Sold

MI-377975

4960 County Road 166

$445,200
$2,298/ac · 194 ac
Acreage194 ac
Price per acre$2,298/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedOct 20, 2025
Coordinates47.0389, -88.5981
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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

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

View Houghton market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands10.2% of tract

Little to no mapped wetland coverage.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,033 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area165.27 of 193.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$674,064
$550,275$797,854 · $3,479/ac on 194 ac
Asking vs estimate
-34.0%
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 $445,200
Maximum allowable offer
$385,180
$1,988/ac · +30.0% target margin

You need $60,020 off asking to hit this margin.

All-in cost$417,920
Net resale$620,139
Projected profit$202,219
ROI+48.4%
Annualized+69.2%
Break-even resale$2,345/ac
Profit if resale lands off target
-20%
$78,191
-10%
$140,205
0%
$202,219
+10%
$264,233
+20%
$326,247
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-778002
Dirt · Off grid
197.6Apr 19, 2025$461,9002,3383,5621.0 mi
82
MI-518197
Landlocked · Power at road
227.5Apr 30, 2025$432,4001,9003,2347.0 mi
72
MI-756521
Dirt · Power at road
67.6Oct 13, 2025$313,4004,6384,4912.8 mi
68
MI-919307
Dirt · Off grid
508.5Nov 15, 2024$889,2001,7493,5693.5 mi
65
MI-906599
Dirt · Off grid
71.5Mar 22, 2024$141,4001,9782,4275.1 mi
60
Show adjustment detail for the top comp
  • Tract size (197.55 ac → 193.73 ac)+0.5%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (16 mo)+5.6%

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.