Comparable sales & offer analysis
Parcel MI-827448
Alger County, MI · 132 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$441,500
Adjusted value
$497,371
Value range
$392,494–$602,249
Comp $/acre
$3,761/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.2% versus the adjusted value.
Offer position
Max allowable offer
$284,212
Offer $/acre
$2,149/ac
Projected profit
$149,211
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 | 3,224 | 85 |
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 3,872 | 81 |
| MI-627308 | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 2,955 | 77 |
| MI-599144 | 451.8 | Jul 24, 2026 | $1,308,500 | 2,896 | 4,136 | 70 |
| MI-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 2,927 | 67 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 4,226 | 64 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 5,474 | 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.