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Houghton County, MI · Sold

MI-509903

2819 County Road 281

$1,048,800
$1,339/ac · 783 ac
Acreage783 ac
Price per acre$1,339/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedJan 31, 2025
Coordinates47.0107, -88.5339
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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

2 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands1.8% of tract

Little to no mapped wetland coverage.

Average slope11.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power38 ft away

Power at or near the road.

Buildable area730.46 of 783.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,103,598
$954,892$1,252,304 · $1,409/ac on 783 ac
Asking vs estimate
-5.0%
In line with 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 $1,048,800
Maximum allowable offer
$630,627
$805/ac · +30.0% target margin

You need $418,173 off asking to hit this margin.

All-in cost$684,230
Net resale$1,015,310
Projected profit$331,080
ROI+48.4%
Annualized+69.2%
Break-even resale$950/ac
Profit if resale lands off target
-20%
$128,018
-10%
$229,549
0%
$331,080
+10%
$432,611
+20%
$534,142
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-619875
Dirt · Off grid
767.3Sep 22, 2025$1,232,3001,6061,5414.1 mi
79
MI-919307
Dirt · Off grid
508.5Nov 15, 2024$889,2001,7491,5315.4 mi
67
MI-518197
Landlocked · Power at road
227.5Apr 30, 2025$432,4001,9001,3879.2 mi
66
MI-377975
Dirt · Full utilities
193.7Mar 14, 2026$460,8002,3781,0383.6 mi
65
MI-778002
Dirt · Off grid
197.6Apr 19, 2025$461,9002,3381,5282.8 mi
60
Show adjustment detail for the top comp
  • Tract size (767.28 ac → 783 ac)-0.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Power at road)+17.6%
  • 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.