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Houghton County, MI · Sold

MI-315360

8621 County Road 65

$92,000
$3,157/ac · 29.14 ac
Acreage29.14 ac
Price per acre$3,157/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedOct 2, 2023
Coordinates47.0305, -88.7564
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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

4 items to verify before you offer.

Risk index
16
Low risk
Wetlands12.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

484 ft of deeded road frontage.

Power3,190 ft away

Service extension needed; get a utility quote.

Buildable area24.11 of 29.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$139,287
$104,549$174,026 · $4,780/ac on 29.14 ac
Asking vs estimate
-33.9%
Priced below the comp set

Weighted from 7 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 $92,000
Maximum allowable offer
$79,593
$2,731/ac · +30.0% target margin

You need $12,407 off asking to hit this margin.

All-in cost$86,358
Net resale$128,144
Projected profit$41,786
ROI+48.4%
Annualized+69.2%
Break-even resale$3,221/ac
Profit if resale lands off target
-20%
$16,157
-10%
$28,971
0%
$41,786
+10%
$54,600
+20%
$67,415
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-595568
Dirt · Off grid
33.9May 22, 2026$106,1003,1324,4485.5 mi
83
MI-485665
Landlocked · Full utilities
36.3May 13, 2026$171,8004,7265,9925.5 mi
79
MI-714133
Dirt · Power at road
12.0Jul 27, 2026$54,2004,5284,7438.6 mi
74
MI-985743
Dirt · Off grid
38.5May 25, 2024$126,7003,2955,1802.7 mi
72
MI-325971
Dirt · Off grid
45.4Jun 11, 2025$81,2001,7902,7859.9 mi
69
MI-756521
Dirt · Power at road
67.6Oct 13, 2025$313,4004,6386,5724.8 mi
67
MI-906599
Dirt · Off grid
71.5Mar 22, 2024$141,4001,9783,5528.1 mi
63
Show adjustment detail for the top comp
  • Tract size (33.88 ac → 29.14 ac)+2.5%
  • Access (Dirt → Paved)+37.2%
  • Market time (3 mo)+1.0%

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.