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Newaygo County, MI · Sold

MI-305205

8862 County Road 330

$74,900
$2,876/ac · 26.04 ac
Acreage26.04 ac
Price per acre$2,876/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedMar 22, 2024
Coordinates43.4864, -85.8103
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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

5 items to verify before you offer.

Risk index
41
Moderate risk
Wetlands14.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,826 ft away

Service extension needed; get a utility quote.

Buildable area21.13 of 26.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$71,720
$57,626$85,814 · $2,754/ac on 26.04 ac
Asking vs estimate
+4.4%
In line with 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 $74,900
Maximum allowable offer
$40,983
$1,574/ac · +30.0% target margin

You need $33,917 off asking to hit this margin.

All-in cost$44,467
Net resale$65,982
Projected profit$21,516
ROI+48.4%
Annualized+69.2%
Break-even resale$1,856/ac
Profit if resale lands off target
-20%
$8,319
-10%
$14,918
0%
$21,516
+10%
$28,114
+20%
$34,712
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-936181
Gravel · Off grid
52.8Jul 27, 2026$193,5003,6642,82910.0 mi
73
MI-955393
Gravel · Full utilities
29.8Mar 15, 2024$203,4006,8173,6339.5 mi
72
MI-625576
Gravel · Full utilities
34.1Nov 12, 2024$181,1005,3142,8224.0 mi
70
MI-624530
Landlocked · Full utilities
16.0Oct 4, 2024$44,2002,7701,9535.0 mi
69
MI-746909
Landlocked · Power at road
89.5Jul 18, 2024$220,8002,4672,9057.1 mi
63
MI-663626
Gravel · Full utilities
8.3Jul 31, 2024$40,4004,8722,21911.7 mi
54
Show adjustment detail for the top comp
  • Tract size (52.82 ac → 26.04 ac)+13.3%
  • Access (Gravel → Landlocked)-32.0%

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.