← New search
Lake County, MN · Sold

MN-746003

4873 County Road 384

$208,900
$4,153/ac · 50.30 ac
Acreage50.30 ac
Price per acre$4,153/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedFeb 11, 2024
Coordinates47.4695, -91.4496
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

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

View Lake market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
18
Low risk
Wetlands15.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

892 ft of deeded road frontage.

Power2,518 ft away

Service extension needed; get a utility quote.

Buildable area40.52 of 50.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$183,156
$148,060$218,252 · $3,641/ac on 50.30 ac
Asking vs estimate
+14.1%
Priced above 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 $208,900
Maximum allowable offer
$104,661
$2,081/ac · +30.0% target margin

You need $104,239 off asking to hit this margin.

All-in cost$113,557
Net resale$168,504
Projected profit$54,947
ROI+48.4%
Annualized+69.2%
Break-even resale$2,454/ac
Profit if resale lands off target
-20%
$21,246
-10%
$38,096
0%
$54,947
+10%
$71,797
+20%
$88,647
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-536062
Dirt · Full utilities
52.5Jul 27, 2026$277,9005,2954,3369.2 mi
87
MN-825445
Dirt · Full utilities
33.6Feb 27, 2026$132,2003,9393,0196.9 mi
74
MN-145700
Gravel · Power at road
40.4Sep 25, 2024$177,2004,3883,8604.2 mi
73
MN-506904
Gravel · Power at road
96.6Aug 5, 2025$276,1002,8582,93210.6 mi
71
MN-127371
Dirt · Full utilities
135.5Jun 29, 2026$396,3002,9253,0035.6 mi
70
MN-406893
Landlocked · Off grid
95.8Sep 14, 2025$160,8001,6772,95810.7 mi
67
MN-306506
Dirt · Power at road
72.4Oct 21, 2024$300,0004,1434,7649.4 mi
65
MN-217437
Dirt · Power at road
142.1Jan 25, 2024$435,0003,0614,2762.9 mi
58
Show adjustment detail for the top comp
  • Tract size (52.49 ac → 50.3 ac)+0.9%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%

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.