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Houghton County, MI · Sold

MI-363420

5526 County Road 308

$27,900
$3,902/ac · 7.15 ac
Acreage7.15 ac
Price per acre$3,902/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedJan 1, 2025
Coordinates46.9496, -88.6474
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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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands2.1% of tract

Little to no mapped wetland coverage.

Average slope16.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

363 ft of deeded road frontage.

Power5,164 ft away

A long utility run — price in solar/off-grid instead.

Buildable area5.60 of 7.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$37,308
$34,324$40,293 · $5,218/ac on 7.15 ac
Asking vs estimate
-25.2%
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 $27,900
Maximum allowable offer
$21,319
$2,982/ac · +30.0% target margin

You need $6,581 off asking to hit this margin.

All-in cost$23,131
Net resale$34,324
Projected profit$11,193
ROI+48.4%
Annualized+69.3%
Break-even resale$3,516/ac
Profit if resale lands off target
-20%
$4,328
-10%
$7,760
0%
$11,193
+10%
$14,625
+20%
$18,057
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-714133
Dirt · Power at road
12.0Jul 27, 2026$54,2004,5284,6647.2 mi
80
MI-443228
Gravel · Power at road
6.2Sep 18, 2024$39,9006,4145,8415.8 mi
74
MI-453037
Dirt · Full utilities
5.4Oct 10, 2024$33,0006,0955,2401.3 mi
72
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0285,2093.9 mi
64
MI-442158
Gravel · Power at road
2.9Sep 26, 2024$16,8005,8675,1758.3 mi
61
Show adjustment detail for the top comp
  • Tract size (11.98 ac → 7.15 ac)+4.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%

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.