Comparable sales & offer analysis
Parcel MI-935967
Alger County, MI · 45.23 ac · Residential · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$126,500
Adjusted value
$163,933
Value range
$121,550–$206,317
Comp $/acre
$3,624/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.8% versus the adjusted value.
Offer position
Max allowable offer
$93,676
Offer $/acre
$2,071/ac
Projected profit
$49,180
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-675445 | 31.0 | Mar 22, 2026 | $146,100 | 4,713 | 5,272 | 82 |
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 3,471 | 74 |
| MI-105228 | 26.5 | Apr 19, 2024 | $129,000 | 4,872 | 3,999 | 65 |
| MI-627308 | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 2,650 | 64 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 3,056 | 63 |
| MI-827448 | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 2,770 | 57 |
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.