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Houghton County, MI · Sold

MI-619875

3793 County Road 56

$1,175,900
$1,533/ac · 767 ac
Acreage767 ac
Price per acre$1,533/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedJul 3, 2025
Coordinates47.0103, -88.6208
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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
17
Low risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,486 ft of deeded road frontage.

Power13,130 ft away

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

Buildable area685.18 of 767.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,105,038
$943,227$1,266,849 · $1,440/ac on 767 ac
Asking vs estimate
+6.4%
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 $1,175,900
Maximum allowable offer
$631,450
$823/ac · +30.0% target margin

You need $544,450 off asking to hit this margin.

All-in cost$685,123
Net resale$1,016,635
Projected profit$331,512
ROI+48.4%
Annualized+69.2%
Break-even resale$971/ac
Profit if resale lands off target
-20%
$128,185
-10%
$229,848
0%
$331,512
+10%
$433,175
+20%
$534,839
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-509903
Landlocked · Power at road
783.0Mar 15, 2025$879,9001,1241,2884.1 mi
76
MI-919307
Dirt · Off grid
508.5Nov 15, 2024$889,2001,7491,6561.4 mi
75
MI-377975
Dirt · Full utilities
193.7Mar 14, 2026$460,8002,3781,1232.2 mi
69
MI-778002
Dirt · Off grid
197.6Apr 19, 2025$461,9002,3381,6522.9 mi
65
MI-518197
Landlocked · Power at road
227.5Apr 30, 2025$432,4001,9001,5005.2 mi
60
Show adjustment detail for the top comp
  • Tract size (783 ac → 767.28 ac)+0.6%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (17 mo)+6.0%

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.