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Redwood County, MN · Sold

MN-702238

4891 County Road 387

$29,800
$9,058/ac · 3.29 ac
Acreage3.29 ac
Price per acre$9,058/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedFeb 27, 2024
Coordinates44.3934, -95.3680
Loading terrain…
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

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

View Redwood market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
28
Low risk
Wetlands3.8% of tract

Little to no mapped wetland coverage.

Average slope21.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

269 ft of deeded road frontage.

Power13,872 ft away

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

Buildable area1.90 of 3.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$36,151
$30,067$42,236 · $10,988/ac on 3.29 ac
Asking vs estimate
-17.6%
Priced below the comp set

Weighted from 7 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 $29,800
Maximum allowable offer
$20,658
$6,279/ac · +30.0% target margin

You need $9,142 off asking to hit this margin.

All-in cost$22,414
Net resale$33,259
Projected profit$10,845
ROI+48.4%
Annualized+69.2%
Break-even resale$7,405/ac
Profit if resale lands off target
-20%
$4,193
-10%
$7,519
0%
$10,845
+10%
$14,171
+20%
$17,497
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-952441
Dirt · Off grid
3.8Jul 27, 2026$27,9007,31610,1103.6 mi
86
MN-143704
Landlocked · Full utilities
9.5Jul 27, 2026$59,4006,2427,9908.7 mi
68
MN-663110
Dirt · Off grid
6.2May 28, 2025$42,6006,87610,1865.8 mi
68
MN-821821
Dirt · Off grid
2.4Apr 17, 2024$18,7007,68811,4857.8 mi
68
MN-673434
Landlocked · Full utilities
7.8Feb 27, 2026$79,40010,15813,0427.5 mi
67
MN-422896
Dirt · Power at road
5.3Nov 26, 2023$56,30010,62614,0714.9 mi
64
MN-393140
Gravel · Power at road
6.3Oct 5, 2024$59,3009,38710,4399.9 mi
61
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%

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.