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Houghton County, MI · Sold

MI-453037

8051 County Road 189

$37,200
$6,863/ac · 5.42 ac
Acreage5.42 ac
Price per acre$6,863/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedOct 17, 2023
Coordinates46.9444, -88.6732
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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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands1.5% of tract

Little to no mapped wetland coverage.

Average slope6.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

228 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.07 of 5.42 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$34,197
$29,887$38,507 · $6,309/ac on 5.42 ac
Asking vs estimate
+8.8%
Priced above the comp set

Weighted from 6 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 $37,200
Maximum allowable offer
$19,541
$3,605/ac · +30.0% target margin

You need $17,659 off asking to hit this margin.

All-in cost$21,202
Net resale$31,461
Projected profit$10,259
ROI+48.4%
Annualized+69.2%
Break-even resale$4,252/ac
Profit if resale lands off target
-20%
$3,967
-10%
$7,113
0%
$10,259
+10%
$13,405
+20%
$16,551
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-443228
Gravel · Power at road
6.2Sep 18, 2024$39,9006,4147,3216.6 mi
75
MI-714133
Dirt · Power at road
12.0Jul 27, 2026$54,2004,5285,8468.1 mi
74
MI-363420
Gravel · Off grid
7.2Jan 16, 2025$26,3003,6724,9071.3 mi
73
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0286,5295.0 mi
70
MI-442158
Gravel · Power at road
2.9Sep 26, 2024$16,8005,8676,4859.0 mi
61
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6206,8834.5 mi
60
Show adjustment detail for the top comp
  • Tract size (6.22 ac → 5.42 ac)+0.7%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (23 mo)+8.0%

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.