Comparable sales & offer analysis
Parcel MI-827448
Alger County, MI · 132 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$441,500
Adjusted value
$494,472
Value range
$390,280–$598,664
Comp $/acre
$3,739/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.7% versus the adjusted value.
Offer position
Max allowable offer
$282,556
Offer $/acre
$2,137/ac
Projected profit
$148,342
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-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 3,207 | 86 |
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 3,851 | 82 |
| MI-627308 | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 2,940 | 78 |
| MI-599144 | 451.8 | Jul 24, 2026 | $1,308,500 | 2,896 | 4,113 | 71 |
| MI-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 2,910 | 69 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 4,204 | 64 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 5,445 | 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.