Comparable sales & offer analysis
Parcel MI-388932
Alger County, MI · 388 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,341,500
Adjusted value
$862,563
Value range
$755,941–$969,185
Comp $/acre
$2,226/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +55.5% versus the adjusted value.
Offer position
Max allowable offer
$492,893
Offer $/acre
$1,272/ac
Projected profit
$258,769
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-599144 | 451.8 | Jul 24, 2026 | $1,308,500 | 2,896 | 2,513 | 82 |
| MI-899532 | 598.5 | Jul 27, 2026 | $1,178,100 | 1,969 | 2,268 | 81 |
| MI-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 1,959 | 73 |
| MI-419490 | 580.5 | Apr 19, 2026 | $1,112,300 | 1,916 | 2,212 | 72 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 2,568 | 70 |
| MI-749933 | 800.2 | Nov 5, 2025 | $1,522,600 | 1,903 | 2,469 | 68 |
| MI-627308 | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 1,796 | 61 |
| MI-827448 | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 1,876 | 58 |
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.