Comparable sales & offer analysis
Parcel MI-831461
Gogebic County, MI · 1.73 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$7,300
Adjusted value
$6,673
Value range
$5,653–$7,693
Comp $/acre
$3,857/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.4% versus the adjusted value.
Offer position
Max allowable offer
$3,813
Offer $/acre
$2,204/ac
Projected profit
$2,002
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-251289 | 1.5 | May 8, 2025 | $6,200 | 4,070 | 4,302 | 77 |
| MI-540987 | 1.2 | Jul 7, 2024 | $6,000 | 4,871 | 4,494 | 73 |
| MI-160276 | 0.7 | Jul 27, 2026 | $2,500 | 3,458 | 3,410 | 72 |
| MI-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 3,137 | 71 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 3,292 | 70 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 3,512 | 67 |
| MI-973136 | 5.8 | Aug 30, 2024 | $26,100 | 4,489 | 5,077 | 66 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 4,051 | 64 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 3,424 | 64 |
| MI-180120 | 0.7 | May 30, 2025 | $3,300 | 5,115 | 3,850 | 63 |
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.