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Newaygo County, MI · Sold

MI-663626

703 County Road 23

$47,800
$5,759/ac · 8.30 ac
Acreage8.30 ac
Price per acre$5,759/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyRolling
ListedJan 9, 2024
Coordinates43.6499, -85.8687
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

Newaygo County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Newaygo market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

492 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area7.46 of 8.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$57,384
$45,859$68,909 · $6,914/ac on 8.30 ac
Asking vs estimate
-16.7%
Priced below the comp set

Weighted from 5 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 $47,800
Maximum allowable offer
$32,791
$3,951/ac · +30.0% target margin

You need $15,009 off asking to hit this margin.

All-in cost$35,578
Net resale$52,793
Projected profit$17,215
ROI+48.4%
Annualized+69.2%
Break-even resale$4,659/ac
Profit if resale lands off target
-20%
$6,657
-10%
$11,936
0%
$17,215
+10%
$22,495
+20%
$27,774
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-253344
Gravel · Power at road
6.8May 21, 2026$33,7004,9786,05413.3 mi
78
MI-583132
Dirt · Power at road
5.8Jul 27, 2026$36,2006,2408,68112.9 mi
76
MI-942911
Landlocked · Full utilities
4.9Dec 25, 2025$25,4005,1497,5509.9 mi
75
MI-624530
Landlocked · Full utilities
16.0Oct 4, 2024$44,2002,7704,6566.6 mi
65
MI-305205
Landlocked · Off grid
26.0Mar 16, 2025$77,3002,9687,49811.7 mi
56
Show adjustment detail for the top comp
  • Tract size (6.76 ac → 8.3 ac)-1.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (3 mo)+1.0%

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.