Pine County, MN · Sold

MN-848934

4506 County Road 302

$1,539,200

$3,661/ac · 420 ac

Offer report Market this tract

Acreage420 ac

Price per acre$3,661/ac

ZoningMixed Use

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedJun 30, 2024

Coordinates46.1290, -92.6945

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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

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands42.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

4,124 ft of deeded road frontage.

Power10,064 ft away

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

Buildable area228.84 of 420.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,110,695

$914,931 – $1,306,458 · $2,642/ac on 420 ac

Asking vs estimate

+38.6%

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 $1,539,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$634,683

$1,510/ac · +30.0% target margin

You need $904,517 off asking to hit this margin.

All-in cost$688,631

Net resale$1,021,839

Projected profit$333,208

ROI+48.4%

Annualized+69.2%

Break-even resale$1,780/ac

Profit if resale lands off target

-20%

$128,840

-10%

$231,024

$333,208

+10%

$435,392

+20%

$537,576

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-599118 Paved · Off grid	480.3	Jul 27, 2026	$1,555,700	3,239	2,863	6.0 mi	85
MN-578931 Gravel · Off grid	419.5	Nov 27, 2025	$971,300	2,315	2,384	9.2 mi	82
MN-319112 Gravel · Power at road	478.3	May 22, 2025	$1,374,600	2,874	2,671	2.1 mi	79
MN-198866 Gravel · Full utilities	400.2	Jun 21, 2025	$1,090,100	2,724	1,961	8.1 mi	77
MN-148272 Dirt · Off grid	260.3	Jul 14, 2026	$862,700	3,315	3,361	8.2 mi	77
MN-107978 Paved · Off grid	210.3	Oct 28, 2025	$960,400	4,566	3,271	4.9 mi	75
MN-617659 Gravel · Off grid	166.9	Feb 11, 2025	$376,800	2,257	1,842	5.3 mi	66
MN-667479 Landlocked · Off grid	146.5	Apr 26, 2024	$339,600	2,318	2,770	2.9 mi	65
MN-787804 Paved · Off grid	185.4	Nov 6, 2024	$690,300	3,723	2,677	5.4 mi	64
MN-479597 Landlocked · Power at road	679.6	Jan 16, 2024	$1,072,300	1,578	2,528	4.9 mi	64

Show adjustment detail for the top comp

Tract size (480.34 ac → 420.4 ac)+4.1%
Access (Paved → Gravel)-15.3%

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