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Oakland County, MI · Sold

MI-269199

5643 County Road 378

$1,335,900
$2,841/ac · 470 ac
Acreage470 ac
Price per acre$2,841/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 14, 2025
Coordinates42.6365, -83.3821
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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

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope21.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,600 ft of deeded road frontage.

Power2 ft away

Power at or near the road.

Buildable area275.06 of 470.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,016,504
$911,431$1,121,576 · $2,162/ac on 470 ac
Asking vs estimate
+31.4%
Priced above 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 $1,335,900
Maximum allowable offer
$580,859
$1,235/ac · +30.0% target margin

You need $755,041 off asking to hit this margin.

All-in cost$630,232
Net resale$935,183
Projected profit$304,951
ROI+48.4%
Annualized+69.2%
Break-even resale$1,457/ac
Profit if resale lands off target
-20%
$117,915
-10%
$211,433
0%
$304,951
+10%
$398,470
+20%
$491,988
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-878832
Landlocked · Power at road
360.4Jul 27, 2026$535,7001,4862,0243.6 mi
84
MI-888591
Landlocked · Full utilities
302.7Nov 30, 2025$598,2001,9762,1532.9 mi
74
MI-828727
Gravel · Full utilities
334.0Dec 2, 2023$1,003,8003,0052,4783.7 mi
74
MI-189798
Dirt · Off grid
725.6Jun 13, 2025$928,6001,2802,0964.6 mi
70
MI-787288
Gravel · Power at road
117.8Apr 20, 2025$298,3002,5331,8103.7 mi
64
MI-587276
Paved · Power at road
116.8Sep 28, 2025$475,9004,0772,4205.0 mi
63
Show adjustment detail for the top comp
  • Tract size (360.42 ac → 470.19 ac)-7.6%
  • Access (Landlocked → Gravel)+47.1%

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.