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Houghton County, MI · Sold

MI-518197

8073 County Road 63

$508,700
$2,236/ac · 228 ac
Acreage228 ac
Price per acre$2,236/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedFeb 27, 2025
Coordinates46.9875, -88.7256
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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
43
Moderate risk
Wetlands15.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power237 ft away

Power at or near the road.

Buildable area183.73 of 227.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$458,852
$360,007$557,696 · $2,017/ac on 228 ac
Asking vs estimate
+10.9%
Priced above 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 $508,700
Maximum allowable offer
$262,201
$1,152/ac · +30.0% target margin

You need $246,499 off asking to hit this margin.

All-in cost$284,488
Net resale$422,144
Projected profit$137,655
ROI+48.4%
Annualized+69.2%
Break-even resale$1,359/ac
Profit if resale lands off target
-20%
$53,227
-10%
$95,441
0%
$137,655
+10%
$179,870
+20%
$222,084
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-377975
Dirt · Full utilities
193.7Mar 14, 2026$460,8002,3781,5007.0 mi
78
MI-778002
Dirt · Off grid
197.6Apr 19, 2025$461,9002,3382,2077.9 mi
72
MI-509903
Landlocked · Power at road
783.0Mar 15, 2025$879,9001,1241,7209.2 mi
66
MI-756521
Dirt · Power at road
67.6Oct 13, 2025$313,4004,6382,7835.2 mi
65
MI-919307
Dirt · Off grid
508.5Nov 15, 2024$889,2001,7492,2113.8 mi
63
MI-619875
Dirt · Off grid
767.3Sep 22, 2025$1,232,3001,6062,2265.2 mi
62
MI-906599
Dirt · Off grid
71.5Mar 22, 2024$141,4001,9781,5045.5 mi
56
Show adjustment detail for the top comp
  • Tract size (193.73 ac → 227.53 ac)-4.4%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Power at road)-18.0%
  • 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.