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Houghton County, MI · Sold

MI-919307

7616 County Road 223

$973,900
$1,915/ac · 508 ac
Acreage508 ac
Price per acre$1,915/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedSep 14, 2023
Coordinates47.0025, -88.6487
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
19
Low risk
Wetlands1.1% of tract

Little to no mapped wetland coverage.

Average slope9.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,870 ft away

Service extension needed; get a utility quote.

Buildable area477.72 of 508.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$835,264
$711,770$958,758 · $1,643/ac on 508 ac
Asking vs estimate
+16.6%
Priced above 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 $973,900
Maximum allowable offer
$477,294
$939/ac · +30.0% target margin

You need $496,606 off asking to hit this margin.

All-in cost$517,864
Net resale$768,443
Projected profit$250,579
ROI+48.4%
Annualized+69.2%
Break-even resale$1,107/ac
Profit if resale lands off target
-20%
$96,890
-10%
$173,734
0%
$250,579
+10%
$327,423
+20%
$404,267
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-619875
Dirt · Off grid
767.3Sep 22, 2025$1,232,3001,6061,8901.4 mi
79
MI-377975
Dirt · Full utilities
193.7Mar 14, 2026$460,8002,3781,2733.5 mi
72
MI-509903
Landlocked · Power at road
783.0Mar 15, 2025$879,9001,1241,4615.4 mi
68
MI-778002
Dirt · Off grid
197.6Apr 19, 2025$461,9002,3381,8744.3 mi
68
MI-518197
Landlocked · Power at road
227.5Apr 30, 2025$432,4001,9001,7013.8 mi
65
Show adjustment detail for the top comp
  • Tract size (767.28 ac → 508.46 ac)+13.4%
  • Market time (11 mo)+3.8%

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.