Itasca County, MN · Sold

MN-616396

5192 County Road 329

$232,800

$3,482/ac · 66.86 ac

Offer report Market this tract

Acreage66.86 ac

Price per acre$3,482/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedApr 7, 2024

Coordinates47.5812, -93.5392

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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

Itasca County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Itasca market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Low risk

Wetlands19.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,083 ft of deeded road frontage.

Power224 ft away

Power at or near the road.

Buildable area51.26 of 66.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$194,376

$145,624 – $243,129 · $2,907/ac on 66.86 ac

Asking vs estimate

+19.8%

Priced above the comp set

Weighted from 10 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 $232,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$111,072

$1,661/ac · +30.0% target margin

You need $121,728 off asking to hit this margin.

All-in cost$120,513

Net resale$178,826

Projected profit$58,313

ROI+48.4%

Annualized+69.3%

Break-even resale$1,959/ac

Profit if resale lands off target

-20%

$22,548

-10%

$40,431

$58,313

+10%

$76,196

+20%

$94,078

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-647073 Gravel · Full utilities	109.2	Dec 6, 2025	$254,900	2,335	2,212	1.1 mi	82
MN-336479 Dirt · Power at road	71.0	Jun 12, 2026	$167,300	2,357	2,798	13.8 mi	81
MN-885782 Landlocked · Full utilities	42.9	Jun 14, 2026	$91,100	2,125	2,356	13.0 mi	77
MN-907732 Gravel · Power at road	176.0	Jul 27, 2026	$565,700	3,214	4,101	5.6 mi	76
MN-435617 Dirt · Off grid	38.0	Sep 28, 2025	$84,600	2,225	2,819	5.8 mi	73
MN-558042 Landlocked · Off grid	220.3	Jul 27, 2026	$243,000	1,103	2,592	5.0 mi	69
MN-154932 Gravel · Off grid	23.1	Jun 19, 2026	$72,800	3,145	3,073	12.9 mi	68
MN-426846 Paved · Power at road	92.6	Dec 27, 2023	$231,000	2,494	2,531	6.8 mi	68
MN-367932 Landlocked · Full utilities	203.4	Apr 2, 2026	$562,600	2,766	4,486	6.5 mi	66
MN-145716 Gravel · Power at road	40.9	Jan 19, 2024	$91,100	2,231	2,237	8.5 mi	66

Show adjustment detail for the top comp

Tract size (109.19 ac → 66.86 ac)+12.3%
Utilities (Full utilities → Power at road)-18.0%
Market time (8 mo)+2.9%

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.

Build the listing kit Post a deal or JV