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Itasca County, MN · Sold

MN-647073

3964 County Road 106

$309,400
$2,834/ac · 109 ac
Acreage109 ac
Price per acre$2,834/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyRolling
ListedApr 23, 2025
Coordinates47.5926, -93.5568
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

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

View Itasca market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
12
Low risk
Wetlands3.4% of tract

Little to no mapped wetland coverage.

Average slope4.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area100.20 of 109.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$368,461
$281,740$455,182 · $3,374/ac on 109 ac
Asking vs estimate
-16.0%
Priced below 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 $309,400
Maximum allowable offer
$210,549
$1,928/ac · +30.0% target margin

You need $98,851 off asking to hit this margin.

All-in cost$228,446
Net resale$338,984
Projected profit$110,539
ROI+48.4%
Annualized+69.3%
Break-even resale$2,274/ac
Profit if resale lands off target
-20%
$42,742
-10%
$76,640
0%
$110,539
+10%
$144,437
+20%
$178,336
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-907732
Gravel · Power at road
176.0Jul 27, 2026$565,7003,2144,4554.6 mi
81
MN-616396
Gravel · Power at road
66.9Aug 19, 2024$217,2003,2493,8241.1 mi
75
MN-558042
Landlocked · Off grid
220.3Jul 27, 2026$243,0001,1032,8155.9 mi
74
MN-367932
Landlocked · Full utilities
203.4Apr 2, 2026$562,6002,7664,8745.8 mi
74
MN-885782
Landlocked · Full utilities
42.9Jun 14, 2026$91,1002,1252,55913.5 mi
72
MN-336479
Dirt · Power at road
71.0Jun 12, 2026$167,3002,3573,03914.6 mi
72
MN-426846
Paved · Power at road
92.6Dec 27, 2023$231,0002,4942,7507.3 mi
68
MN-435617
Dirt · Off grid
38.0Sep 28, 2025$84,6002,2253,0636.4 mi
67
MN-628641
Dirt · Off grid
340.0Aug 4, 2024$489,1001,4393,5633.6 mi
59
MN-145716
Gravel · Power at road
40.9Jan 19, 2024$91,1002,2312,4308.1 mi
58
Show adjustment detail for the top comp
  • Tract size (175.99 ac → 109.19 ac)+13.4%
  • Utilities (Power at road → Full utilities)+22.0%

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.