Comparable sales & offer analysis
Parcel MI-899532
Alger County, MI · 598 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,157,300
Adjusted value
$1,306,840
Value range
$1,091,674–$1,522,005
Comp $/acre
$2,184/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.4% versus the adjusted value.
Offer position
Max allowable offer
$746,765
Offer $/acre
$1,248/ac
Projected profit
$392,052
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-419490 | 580.5 | Apr 19, 2026 | $1,112,300 | 1,916 | 1,935 | 86 |
| MI-749933 | 800.2 | Nov 5, 2025 | $1,522,600 | 1,903 | 2,159 | 80 |
| MI-599144 | 451.8 | Jul 24, 2026 | $1,308,500 | 2,896 | 2,198 | 79 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 2,909 | 70 |
| MI-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 1,714 | 68 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 2,246 | 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.