Pine County, MN · Sold

MN-198866

4872 County Road 370

$1,314,900

$3,286/ac · 400 ac

Offer report Market this tract

Acreage400 ac

Price per acre$3,286/ac

ZoningResidential

Road accessGravel

UtilitiesFull utilities

TopographySloped

ListedAug 18, 2024

Coordinates46.0989, -92.8572

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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

Pine County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Pine market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Low risk

Wetlands0.5% of tract

Little to no mapped wetland coverage.

Average slope12.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area318.55 of 400.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,691,688

$1,360,820 – $2,022,556 · $4,227/ac on 400 ac

Asking vs estimate

-22.3%

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 $1,314,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$966,679

$2,416/ac · +30.0% target margin

You need $348,221 off asking to hit this margin.

All-in cost$1,048,847

Net resale$1,556,353

Projected profit$507,506

ROI+48.4%

Annualized+69.2%

Break-even resale$2,849/ac

Profit if resale lands off target

-20%

$196,236

-10%

$351,871

$507,506

+10%

$663,142

+20%

$818,777

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-148272 Dirt · Off grid	260.3	Jul 14, 2026	$862,700	3,315	4,896	5.5 mi	83
MN-578931 Gravel · Off grid	419.5	Nov 27, 2025	$971,300	2,315	3,472	6.8 mi	82
MN-599118 Paved · Off grid	480.3	Jul 27, 2026	$1,555,700	3,239	4,170	9.8 mi	80
MN-848934 Gravel · Off grid	420.4	Apr 3, 2025	$1,346,800	3,204	4,934	8.1 mi	76
MN-319112 Gravel · Power at road	478.3	May 22, 2025	$1,374,600	2,874	3,890	6.1 mi	76
MN-107978 Paved · Off grid	210.3	Oct 28, 2025	$960,400	4,566	4,765	4.0 mi	70
MN-617659 Gravel · Off grid	166.9	Feb 11, 2025	$376,800	2,257	2,683	2.8 mi	67
MN-927340 Paved · Off grid	132.5	Aug 11, 2025	$824,300	6,221	5,777	8.8 mi	65
MN-787804 Paved · Off grid	185.4	Nov 6, 2024	$690,300	3,723	3,899	6.8 mi	61
MN-479597 Landlocked · Power at road	679.6	Jan 16, 2024	$1,072,300	1,578	3,683	11.5 mi	59

Show adjustment detail for the top comp

Tract size (260.25 ac → 400.19 ac)-11.8%
Access (Dirt → Gravel)+16.3%
Utilities (Off grid → Full utilities)+43.5%
Market time (1 mo)+0.4%

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.

Build the listing kit Post a deal or JV