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Roseau County, MN · Sold

MN-195144

3938 County Road 298

$166,100
$6,154/ac · 26.99 ac
Acreage26.99 ac
Price per acre$6,154/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedSep 24, 2024
Coordinates48.7933, -95.7240
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

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

View Roseau market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands11.8% of tract

Little to no mapped wetland coverage.

Average slope8.6%

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.

Power183 ft away

Power at or near the road.

Buildable area22.61 of 26.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$120,598
$88,655$152,542 · $4,468/ac on 26.99 ac
Asking vs estimate
+37.7%
Priced above the comp set

Weighted from 8 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 $166,100
Maximum allowable offer
$68,913
$2,553/ac · +30.0% target margin

You need $97,187 off asking to hit this margin.

All-in cost$74,771
Net resale$110,951
Projected profit$36,180
ROI+48.4%
Annualized+69.3%
Break-even resale$3,011/ac
Profit if resale lands off target
-20%
$13,990
-10%
$25,085
0%
$36,180
+10%
$47,275
+20%
$58,370
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-444954
Paved · Power at road
23.5Apr 5, 2026$185,4007,8816,6464.4 mi
87
MN-384667
Dirt · Power at road
19.1Jul 27, 2026$65,6003,4333,8159.2 mi
84
MN-434375
Dirt · Power at road
15.5Jul 27, 2026$75,1004,8605,2688.7 mi
77
MN-855994
Dirt · Power at road
50.0Jul 27, 2026$107,6002,1532,7969.7 mi
75
MN-436377
Gravel · Power at road
66.0Feb 25, 2025$199,6003,0273,7974.7 mi
67
MN-576688
Landlocked · Power at road
82.6Jan 10, 2026$174,6002,1143,9626.7 mi
66
MN-753694
Paved · Full utilities
9.4Oct 2, 2025$56,7006,0043,8434.1 mi
64
MN-163653
Dirt · Off grid
9.2Sep 28, 2025$38,0004,1495,2204.7 mi
64
Show adjustment detail for the top comp
  • Tract size (23.52 ac → 26.99 ac)-2.0%
  • Access (Paved → Gravel)-15.3%
  • Market time (4 mo)+1.5%

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.