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Houghton County, MI · Sold

MI-970160

3510 County Road 92

$2,800
$4,179/ac · 0.67 ac
Acreage0.67 ac
Price per acre$4,179/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedSep 29, 2024
Coordinates47.0142, -88.6828
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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
40
Moderate risk
Wetlands17.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.1%

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.

PowerOn site

Power at or near the road.

Buildable area0.53 of 0.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,849
$2,326$3,372 · $4,252/ac on 0.67 ac
Asking vs estimate
-1.7%
In line with the comp set

Weighted from 6 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 $2,800
Maximum allowable offer
$1,628
$2,429/ac · +30.0% target margin

You need $1,172 off asking to hit this margin.

All-in cost$1,766
Net resale$2,621
Projected profit$854
ROI+48.4%
Annualized+69.2%
Break-even resale$2,866/ac
Profit if resale lands off target
-20%
$330
-10%
$592
0%
$854
+10%
$1,116
+20%
$1,378
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-370174
Paved · Power at road
0.7Jun 28, 2024$3,3004,9213,7703.9 mi
79
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1105,0415.1 mi
76
MI-930107
Paved · Off grid
0.7Jan 5, 2025$2,6003,9593,4958.3 mi
73
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6543,6835.4 mi
70
MI-531241
Landlocked · Full utilities
1.5May 20, 2024$5,4003,6614,0393.8 mi
67
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6205,6997.9 mi
60
Show adjustment detail for the top comp
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (26 mo)+9.0%

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.