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Newaygo County, MI · Sold

MI-978140

457 County Road 250

$423,300
$1,939/ac · 218 ac
Acreage218 ac
Price per acre$1,939/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedFeb 16, 2024
Coordinates43.5514, -85.8423
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

1 item to verify before you offer.

Risk index
31
Moderate risk
Wetlands2.1% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power234 ft away

Power at or near the road.

Buildable area203.05 of 218.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$485,742
$386,571$584,913 · $2,225/ac on 218 ac
Asking vs estimate
-12.9%
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 $423,300
Maximum allowable offer
$277,567
$1,271/ac · +30.0% target margin

You need $145,733 off asking to hit this margin.

All-in cost$301,160
Net resale$446,883
Projected profit$145,723
ROI+48.4%
Annualized+69.2%
Break-even resale$1,499/ac
Profit if resale lands off target
-20%
$56,346
-10%
$101,034
0%
$145,723
+10%
$190,411
+20%
$235,099
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-657908
Landlocked · Off grid
184.6Jul 27, 2026$306,9001,6631,8712.0 mi
88
MI-598285
Dirt · Off grid
242.5Jul 27, 2026$689,1002,8422,7295.6 mi
84
MI-488021
Paved · Off grid
200.3Jan 18, 2026$492,3002,4581,6665.5 mi
79
MI-718618
Paved · Off grid
308.7Jul 27, 2026$697,8002,2611,6966.9 mi
79
MI-777208
Gravel · Power at road
111.1Jul 27, 2026$418,4003,7652,1413.1 mi
79
MI-859629
Paved · Power at road
642.0Jul 27, 2026$2,108,9003,2852,6090.9 mi
76
MI-699111
Dirt · Off grid
441.1Jan 1, 2025$709,2001,6081,9614.8 mi
68
MI-637454
Gravel · Power at road
132.8Oct 14, 2024$516,4003,8882,4886.7 mi
67
MI-746909
Landlocked · Power at road
89.5Jul 18, 2024$220,8002,4672,1232.5 mi
66
MI-838627
Dirt · Off grid
310.7Jan 21, 2024$853,4002,7473,1325.3 mi
66
Show adjustment detail for the top comp
  • Tract size (184.55 ac → 218.32 ac)-4.6%
  • Utilities (Off grid → Power at road)+17.6%

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.