Comparable sales & offer analysis
Parcel MI-866808
Alcona County, MI · 83.18 ac · Recreational · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$339,300
Adjusted value
$493,221
Value range
$396,093–$590,348
Comp $/acre
$5,930/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -31.2% versus the adjusted value.
Offer position
Max allowable offer
$281,840
Offer $/acre
$3,388/ac
Projected profit
$147,966
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| MI-206579 | 70.5 | Jun 23, 2026 | $461,800 | 6,554 | 6,383 | 83 |
| MI-476556 | 69.3 | Feb 20, 2026 | $436,300 | 6,296 | 6,213 | 80 |
| MI-556057 | 48.3 | Jul 11, 2026 | $234,800 | 4,862 | 5,987 | 79 |
| MI-305885 | 42.6 | Jul 27, 2026 | $228,700 | 5,365 | 3,988 | 73 |
| MI-157953 | 190.7 | Aug 30, 2025 | $635,100 | 3,331 | 5,031 | 71 |
| MI-458366 | 257.2 | Jul 10, 2026 | $1,040,900 | 4,048 | 5,264 | 70 |
| MI-455134 | 24.7 | Dec 2, 2025 | $180,500 | 7,295 | 5,985 | 67 |
| MI-797798 | 170.4 | Sep 4, 2025 | $592,100 | 3,475 | 5,086 | 63 |
| MI-338412 | 265.9 | Jan 22, 2024 | $1,464,900 | 5,510 | 8,368 | 56 |
| MI-305216 | 26.3 | Oct 18, 2024 | $234,300 | 8,927 | 7,748 | 55 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.