Comparable sales & offer analysis
Parcel MI-193351
Alger County, MI · 6.80 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$21,900
Adjusted value
$23,459
Value range
$17,851–$29,066
Comp $/acre
$3,450/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -6.6% versus the adjusted value.
Offer position
Max allowable offer
$13,405
Offer $/acre
$1,971/ac
Projected profit
$7,038
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-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 2,588 | 78 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 3,469 | 75 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 2,950 | 73 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 2,437 | 73 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 3,955 | 71 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 3,969 | 66 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 3,659 | 65 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 3,280 | 64 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 5,534 | 61 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 3,053 | 59 |
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.