Comparable sales & offer analysis
Parcel MI-476556
Alcona County, MI · 69.30 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$454,500
Adjusted value
$392,394
Value range
$308,800–$475,988
Comp $/acre
$5,662/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +15.8% versus the adjusted value.
Offer position
Max allowable offer
$224,225
Offer $/acre
$3,236/ac
Projected profit
$117,718
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 | 6,599 | 82 |
| MI-305885 | 42.6 | Jul 27, 2026 | $228,700 | 5,365 | 4,123 | 81 |
| MI-556057 | 48.3 | Jul 11, 2026 | $234,800 | 4,862 | 6,189 | 80 |
| MI-866808 | 83.2 | Dec 17, 2025 | $324,400 | 3,900 | 4,167 | 80 |
| MI-455134 | 24.7 | Dec 2, 2025 | $180,500 | 7,295 | 6,188 | 69 |
| MI-157953 | 190.7 | Aug 30, 2025 | $635,100 | 3,331 | 5,203 | 66 |
| MI-797798 | 170.4 | Sep 4, 2025 | $592,100 | 3,475 | 5,260 | 63 |
| MI-305216 | 26.3 | Oct 18, 2024 | $234,300 | 8,927 | 8,014 | 61 |
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.