Comparable sales & offer analysis
Parcel MI-802229
Alger County, MI · 3.02 ac · Agricultural · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$10,000
Adjusted value
$14,288
Value range
$11,261–$17,315
Comp $/acre
$4,731/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -30.0% versus the adjusted value.
Offer position
Max allowable offer
$8,165
Offer $/acre
$2,704/ac
Projected profit
$4,286
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-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 4,517 | 87 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 4,766 | 79 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 5,169 | 73 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 7,209 | 73 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 4,272 | 72 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 3,370 | 71 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 3,842 | 70 |
| MI-320790 | 1.1 | May 6, 2025 | $7,000 | 6,649 | 5,007 | 70 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 5,152 | 65 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 3,906 | 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.