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Lake County, MN · Sold

MN-406893

4380 County Road 49

$187,800
$1,960/ac · 95.84 ac
Acreage95.84 ac
Price per acre$1,960/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedAug 17, 2025
Coordinates47.5788, -91.2869
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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

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

View Lake market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands7.2% of tract

Little to no mapped wetland coverage.

Average slope8.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,700 ft away

A long utility run — price in solar/off-grid instead.

Buildable area84.49 of 95.84 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$211,561
$173,639$249,484 · $2,207/ac on 95.84 ac
Asking vs estimate
-11.2%
Priced below 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 $187,800
Maximum allowable offer
$120,892
$1,261/ac · +30.0% target margin

You need $66,908 off asking to hit this margin.

All-in cost$131,168
Net resale$194,637
Projected profit$63,469
ROI+48.4%
Annualized+69.3%
Break-even resale$1,488/ac
Profit if resale lands off target
-20%
$24,541
-10%
$44,005
0%
$63,469
+10%
$82,932
+20%
$102,396
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-127371
Dirt · Full utilities
135.5Jun 29, 2026$396,3002,9251,7698.5 mi
77
MN-536062
Dirt · Full utilities
52.5Jul 27, 2026$277,9005,2952,5545.3 mi
76
MN-506904
Gravel · Power at road
96.6Aug 5, 2025$276,1002,8581,72712.0 mi
74
MN-306506
Dirt · Power at road
72.4Oct 21, 2024$300,0004,1432,8061.5 mi
72
MN-825445
Dirt · Full utilities
33.6Feb 27, 2026$132,2003,9391,7786.0 mi
66
MN-746003
Gravel · Off grid
50.3Mar 21, 2025$185,3003,6842,29710.7 mi
65
MN-217437
Dirt · Power at road
142.1Jan 25, 2024$435,0003,0612,51812.4 mi
61
MN-145700
Gravel · Power at road
40.4Sep 25, 2024$177,2004,3882,27312.6 mi
56
Show adjustment detail for the top comp
  • Tract size (135.5 ac → 95.84 ac)+9.2%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (2 mo)+0.5%

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.