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Houghton County, MI · Sold

MI-370174

3313 County Road 398

$3,500
$5,147/ac · 0.68 ac
Acreage0.68 ac
Price per acre$5,147/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographySloped
ListedMar 9, 2024
Coordinates46.9599, -88.6610
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

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands4.7% of tract

Little to no mapped wetland coverage.

Average slope15.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power210 ft away

Power at or near the road.

Buildable area0.52 of 0.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,192
$3,466$4,918 · $6,165/ac on 0.68 ac
Asking vs estimate
-16.5%
Priced below 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 $3,500
Maximum allowable offer
$2,395
$3,523/ac · +30.0% target margin

You need $1,105 off asking to hit this margin.

All-in cost$2,599
Net resale$3,857
Projected profit$1,258
ROI+48.4%
Annualized+69.3%
Break-even resale$4,154/ac
Profit if resale lands off target
-20%
$487
-10%
$872
0%
$1,258
+10%
$1,644
+20%
$2,029
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-970160
Landlocked · Full utilities
0.7Aug 15, 2025$2,7004,0756,0393.9 mi
83
MI-930107
Paved · Off grid
0.7Jan 5, 2025$2,6003,9594,9715.4 mi
78
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1107,1697.1 mi
75
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6545,2383.7 mi
71
MI-531241
Landlocked · Full utilities
1.5May 20, 2024$5,4003,6615,7441.9 mi
63
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6208,1054.5 mi
62
Show adjustment detail for the top comp
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (12 mo)+4.2%

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.