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Washtenaw County, MI · Sold

MI-467332

323 County Road 153

$636,200
$5,232/ac · 122 ac
Acreage122 ac
Price per acre$5,232/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedFeb 13, 2024
Coordinates42.1797, -83.7994
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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

Washtenaw County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Washtenaw market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
21
Low risk
Wetlands17.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,380 ft of deeded road frontage.

Power169 ft away

Power at or near the road.

Buildable area95.41 of 121.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$696,907
$586,434$807,380 · $5,732/ac on 122 ac
Asking vs estimate
-8.7%
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 $636,200
Maximum allowable offer
$398,233
$3,275/ac · +30.0% target margin

You need $237,967 off asking to hit this margin.

All-in cost$432,083
Net resale$641,155
Projected profit$209,072
ROI+48.4%
Annualized+69.2%
Break-even resale$3,863/ac
Profit if resale lands off target
-20%
$80,841
-10%
$144,956
0%
$209,072
+10%
$273,187
+20%
$337,303
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-687982
Gravel · Off grid
194.7Feb 11, 2026$706,3003,6285,83411.7 mi
74
MI-919335
Paved · Off grid
518.9Jul 27, 2026$1,468,8002,8315,0381.0 mi
72
MI-348151
Dirt · Off grid
220.1Jan 2, 2026$774,0003,5176,83710.3 mi
68
MI-109517
Paved · Power at road
592.0Feb 17, 2026$2,305,8003,8956,24611.9 mi
63
MI-135044
Dirt · Power at road
23.2Sep 1, 2025$96,9004,1824,2684.6 mi
60
MI-179126
Gravel · Power at road
446.0Sep 10, 2025$1,257,2002,8194,98512.2 mi
59
MI-296516
Landlocked · Off grid
67.3Jul 26, 2024$240,8003,5776,88512.5 mi
59
Show adjustment detail for the top comp
  • Tract size (194.71 ac → 121.59 ac)+13.4%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (6 mo)+2.1%

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.