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Oakland County, MI · Sold

MI-252839

377 County Road 390

$24,800
$5,288/ac · 4.69 ac
Acreage4.69 ac
Price per acre$5,288/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJul 23, 2024
Coordinates42.6053, -83.3649
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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

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

View Oakland market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands34.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

300 ft of deeded road frontage.

Power11,450 ft away

A long utility run — price in solar/off-grid instead.

Buildable area2.93 of 4.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$21,865
$18,207$25,522 · $4,662/ac on 4.69 ac
Asking vs estimate
+13.4%
Priced above 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 $24,800
Maximum allowable offer
$12,494
$2,664/ac · +30.0% target margin

You need $12,306 off asking to hit this margin.

All-in cost$13,556
Net resale$20,116
Projected profit$6,560
ROI+48.4%
Annualized+69.3%
Break-even resale$3,142/ac
Profit if resale lands off target
-20%
$2,537
-10%
$4,548
0%
$6,560
+10%
$8,571
+20%
$10,583
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-762759
Gravel · Power at road
4.4Jul 18, 2026$20,7004,6693,9724.8 mi
87
MI-832247
Paved · Off grid
3.1Jul 27, 2026$20,1006,5755,4995.0 mi
81
MI-931793
Gravel · Off grid
2.2Jul 27, 2026$13,3006,0275,8981.9 mi
81
MI-661865
Gravel · Off grid
2.3Feb 20, 2026$7,4003,1753,1671.1 mi
78
MI-573888
Gravel · Off grid
10.0Jul 27, 2026$48,0004,7815,01611.2 mi
75
MI-354317
Dirt · Power at road
13.7Jul 27, 2026$65,9004,8115,1313.0 mi
72
MI-321480
Dirt · Off grid
1.8Feb 15, 2026$6,6003,7714,3519.8 mi
71
MI-921857
Dirt · Off grid
2.3Jul 24, 2025$8,4003,6644,3512.8 mi
70
MI-423914
Gravel · Power at road
10.2Mar 6, 2025$54,2005,3005,0107.0 mi
70
MI-101115
Paved · Full utilities
1.4Mar 18, 2026$9,8007,2334,2067.4 mi
68
Show adjustment detail for the top comp
  • Utilities (Power at road → Off grid)-15.0%

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.