← New search
Houghton County, MI · Sold

MI-778002

635 County Road 283

$475,200
$2,405/ac · 198 ac
Acreage198 ac
Price per acre$2,405/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedDec 15, 2024
Coordinates47.0392, -88.5761
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

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands13.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,333 ft of deeded road frontage.

Power12,962 ft away

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

Buildable area162.15 of 197.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$439,048
$332,287$545,808 · $2,222/ac on 198 ac
Asking vs estimate
+8.2%
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 $475,200
Maximum allowable offer
$250,884
$1,270/ac · +30.0% target margin

You need $224,316 off asking to hit this margin.

All-in cost$272,209
Net resale$403,924
Projected profit$131,715
ROI+48.4%
Annualized+69.3%
Break-even resale$1,498/ac
Profit if resale lands off target
-20%
$50,930
-10%
$91,322
0%
$131,715
+10%
$172,107
+20%
$212,500
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-377975
Dirt · Full utilities
193.7Mar 14, 2026$460,8002,3781,6771.0 mi
88
MI-518197
Landlocked · Power at road
227.5Apr 30, 2025$432,4001,9002,2417.9 mi
72
MI-756521
Dirt · Power at road
67.6Oct 13, 2025$313,4004,6383,1123.8 mi
72
MI-919307
Dirt · Off grid
508.5Nov 15, 2024$889,2001,7492,4734.3 mi
66
MI-906599
Dirt · Off grid
71.5Mar 22, 2024$141,4001,9781,6825.4 mi
62
Show adjustment detail for the top comp
  • Tract size (193.73 ac → 197.55 ac)-0.5%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (5 mo)+1.8%

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.