Comparable sales & offer analysis
Parcel MI-503894
Alger County, MI · 10.08 ac · Agricultural · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$52,200
Adjusted value
$43,492
Value range
$31,314–$55,670
Comp $/acre
$4,315/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.0% versus the adjusted value.
Offer position
Max allowable offer
$24,853
Offer $/acre
$2,466/ac
Projected profit
$13,048
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-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 3,167 | 86 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 2,982 | 77 |
| MI-193351 | 6.8 | May 26, 2024 | $18,000 | 2,654 | 3,571 | 70 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 3,611 | 69 |
| MI-675445 | 31.0 | Mar 22, 2026 | $146,100 | 4,713 | 6,449 | 69 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 3,738 | 67 |
| MI-105228 | 26.5 | Apr 19, 2024 | $129,000 | 4,872 | 4,892 | 64 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 4,859 | 63 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 4,015 | 59 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 6,776 | 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.