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Newaygo County, MI · Sold

MI-488021

1949 County Road 203

$581,200
$2,902/ac · 200 ac
Acreage200 ac
Price per acre$2,902/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedNov 26, 2025
Coordinates43.5761, -85.7388
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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

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

View Newaygo market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands18.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,671 ft of deeded road frontage.

Power1,356 ft away

Service extension needed; get a utility quote.

Buildable area155.26 of 200.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$705,281
$576,672$833,889 · $3,521/ac on 200 ac
Asking vs estimate
-17.6%
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 $581,200
Maximum allowable offer
$403,017
$2,012/ac · +30.0% target margin

You need $178,183 off asking to hit this margin.

All-in cost$437,273
Net resale$648,858
Projected profit$211,585
ROI+48.4%
Annualized+69.3%
Break-even resale$2,373/ac
Profit if resale lands off target
-20%
$81,813
-10%
$146,699
0%
$211,585
+10%
$276,470
+20%
$341,356
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-598285
Dirt · Off grid
242.5Jul 27, 2026$689,1002,8424,1243.4 mi
90
MI-657908
Landlocked · Off grid
184.6Jul 27, 2026$306,9001,6632,8273.7 mi
88
MI-718618
Paved · Off grid
308.7Jul 27, 2026$697,8002,2612,5631.5 mi
85
MI-777208
Gravel · Power at road
111.1Jul 27, 2026$418,4003,7653,2368.0 mi
74
MI-859629
Paved · Power at road
642.0Jul 27, 2026$2,108,9003,2853,9424.9 mi
72
MI-978140
Landlocked · Power at road
218.3Aug 13, 2024$454,2002,0803,4095.5 mi
72
MI-838627
Dirt · Off grid
310.7Jan 21, 2024$853,4002,7474,7333.0 mi
69
MI-637454
Gravel · Power at road
132.8Oct 14, 2024$516,4003,8883,7607.4 mi
66
MI-219608
Gravel · Full utilities
632.3Jan 30, 2026$2,092,5003,3093,9025.8 mi
65
MI-699111
Dirt · Off grid
441.1Jan 1, 2025$709,2001,6082,9637.3 mi
64
Show adjustment detail for the top comp
  • Tract size (242.5 ac → 200.29 ac)+5.5%
  • Access (Dirt → Paved)+37.2%

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.