Comparable sales & offer analysis
Parcel MI-389875
Alcona County, MI · 767 ac · Residential · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$4,298,400
Adjusted value
$2,842,252
Value range
$2,168,727–$3,515,777
Comp $/acre
$3,704/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +51.2% versus the adjusted value.
Offer position
Max allowable offer
$1,624,144
Offer $/acre
$2,117/ac
Projected profit
$852,676
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-669330 | 517.0 | Jul 27, 2026 | $1,527,300 | 2,954 | 2,624 | 85 |
| MI-958920 | 384.1 | Jul 27, 2026 | $1,817,500 | 4,731 | 3,845 | 78 |
| MI-579975 | 824.9 | Apr 23, 2025 | $2,407,000 | 2,918 | 3,661 | 78 |
| MI-458366 | 257.2 | Jul 10, 2026 | $1,040,900 | 4,048 | 3,409 | 73 |
| MI-338412 | 265.9 | Jan 22, 2024 | $1,464,900 | 5,510 | 5,423 | 62 |
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.