Comparable sales & offer analysis
Parcel MI-675445
Alger County, MI · 30.99 ac · Residential · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$143,200
Adjusted value
$91,505
Value range
$75,269–$107,740
Comp $/acre
$2,953/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +56.5% versus the adjusted value.
Offer position
Max allowable offer
$52,288
Offer $/acre
$1,687/ac
Projected profit
$27,451
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 | 2,385 | 85 |
| MI-105228 | 26.5 | Apr 19, 2024 | $129,000 | 4,872 | 3,635 | 73 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 2,354 | 73 |
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 3,156 | 71 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 2,778 | 67 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 3,598 | 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.