Comparable sales & offer analysis
Parcel MI-675445
Alger County, MI · 30.99 ac · Residential · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$143,200
Adjusted value
$92,043
Value range
$75,725–$108,361
Comp $/acre
$2,970/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +55.6% versus the adjusted value.
Offer position
Max allowable offer
$52,596
Offer $/acre
$1,697/ac
Projected profit
$27,613
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-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 2,398 | 83 |
| MI-105228 | 26.5 | Apr 19, 2024 | $129,000 | 4,872 | 3,654 | 73 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 2,367 | 72 |
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 3,173 | 70 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 2,792 | 66 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 3,617 | 60 |
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.