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Oakland County, MI · Sold

MI-206410

3592 County Road 197

$218,900
$3,511/ac · 62.35 ac
Acreage62.35 ac
Price per acre$3,511/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedNov 16, 2023
Coordinates42.6791, -83.3483
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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
28
Low risk
Wetlands19.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area47.74 of 62.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$257,734
$201,714$313,754 · $4,134/ac on 62.35 ac
Asking vs estimate
-15.1%
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 $218,900
Maximum allowable offer
$147,277
$2,362/ac · +30.0% target margin

You need $71,623 off asking to hit this margin.

All-in cost$159,796
Net resale$237,115
Projected profit$77,320
ROI+48.4%
Annualized+69.2%
Break-even resale$2,786/ac
Profit if resale lands off target
-20%
$29,897
-10%
$53,608
0%
$77,320
+10%
$101,031
+20%
$124,743
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-426714
Dirt · Full utilities
77.7May 16, 2026$255,7003,2903,4924.1 mi
85
MI-116073
Dirt · Off grid
48.8Jul 27, 2026$142,1002,9093,9775.9 mi
84
MI-165719
Dirt · Off grid
37.8Jul 27, 2026$103,5002,7383,5675.5 mi
80
MI-635983
Dirt · Power at road
45.8Oct 12, 2025$210,2004,5935,4454.4 mi
77
MI-587276
Paved · Power at road
116.8Sep 28, 2025$475,9004,0774,3591.7 mi
75
MI-266761
Landlocked · Full utilities
80.4Jul 5, 2025$199,1002,4773,4727.3 mi
73
MI-715477
Dirt · Full utilities
31.7Nov 25, 2025$178,6005,6305,0995.5 mi
73
MI-495463
Gravel · Off grid
31.4Jul 27, 2026$89,8002,8593,1048.7 mi
72
MI-787288
Gravel · Power at road
117.8Apr 20, 2025$298,3002,5333,2605.0 mi
66
MI-424707
Paved · Off grid
18.2Feb 14, 2025$117,2006,4515,8257.0 mi
62
Show adjustment detail for the top comp
  • Tract size (77.71 ac → 62.35 ac)+5.0%
  • Market time (3 mo)+1.1%

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.