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Lake County, MN · Sold

MN-650666

1311 County Road 309

$5,400
$5,143/ac · 1.05 ac
Acreage1.05 ac
Price per acre$5,143/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedMar 5, 2024
Coordinates47.6069, -91.4413
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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

3 items to verify before you offer.

Risk index
49
Moderate risk
Wetlands0.8% of tract

Little to no mapped wetland coverage.

Average slope30.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power243 ft away

Power at or near the road.

Buildable area0.62 of 1.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,194
$3,858$4,531 · $3,995/ac on 1.05 ac
Asking vs estimate
+28.7%
Priced above 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 $5,400
Maximum allowable offer
$2,397
$2,283/ac · +30.0% target margin

You need $3,003 off asking to hit this margin.

All-in cost$2,601
Net resale$3,859
Projected profit$1,258
ROI+48.4%
Annualized+69.2%
Break-even resale$2,692/ac
Profit if resale lands off target
-20%
$486
-10%
$872
0%
$1,258
+10%
$1,644
+20%
$2,030
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-790496
Paved · Off grid
0.9Oct 21, 2025$5,0005,4183,7952.4 mi
84
MN-450355
Dirt · Off grid
0.8Oct 30, 2025$3,3003,9283,7675.4 mi
80
MN-730845
Dirt · Power at road
1.2Feb 5, 2025$5,6004,6293,9016.8 mi
74
MN-191484
Dirt · Power at road
1.9Jul 27, 2026$8,7004,6053,68112.6 mi
73
MN-200874
Paved · Off grid
1.2Jun 9, 2025$7,7006,3144,5018.6 mi
72
MN-751526
Dirt · Full utilities
2.0Jan 25, 2025$12,5006,3544,42812.3 mi
65
Show adjustment detail for the top comp
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (10 mo)+3.4%

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.