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Houghton County, MI · Sold

MI-714133

4390 County Road 281

$57,100
$4,766/ac · 11.98 ac
Acreage11.98 ac
Price per acre$4,766/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedApr 11, 2026
Coordinates47.0410, -88.5747
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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands10.0% of tract

Little to no mapped wetland coverage.

Average slope8.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

506 ft of deeded road frontage.

Power179 ft away

Power at or near the road.

Buildable area10.24 of 11.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$56,230
$45,421$67,040 · $4,694/ac on 11.98 ac
Asking vs estimate
+1.5%
In line with the comp set

Weighted from 8 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 $57,100
Maximum allowable offer
$32,132
$2,682/ac · +30.0% target margin

You need $24,968 off asking to hit this margin.

All-in cost$34,863
Net resale$51,732
Projected profit$16,869
ROI+48.4%
Annualized+69.2%
Break-even resale$3,163/ac
Profit if resale lands off target
-20%
$6,522
-10%
$11,695
0%
$16,869
+10%
$22,042
+20%
$27,215
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-595568
Dirt · Off grid
33.9May 22, 2026$106,1003,1324,2566.1 mi
71
MI-363420
Gravel · Off grid
7.2Jan 16, 2025$26,3003,6723,8107.2 mi
70
MI-485665
Landlocked · Full utilities
36.3May 13, 2026$171,8004,7265,7344.0 mi
69
MI-443228
Gravel · Power at road
6.2Sep 18, 2024$39,9006,4145,6831.7 mi
68
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0285,0683.5 mi
63
MI-315360
Paved · Off grid
29.1Sep 20, 2024$82,7002,8382,9338.6 mi
63
MI-453037
Dirt · Full utilities
5.4Oct 10, 2024$33,0006,0955,0998.1 mi
63
MI-985743
Dirt · Off grid
38.5May 25, 2024$126,7003,2954,9576.7 mi
59
Show adjustment detail for the top comp
  • Tract size (33.88 ac → 11.98 ac)+14.4%
  • Utilities (Off grid → Power at road)+17.6%
  • 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.