Comparable sales & offer analysis
Parcel MI-743545
Gogebic County, MI · 7.82 ac · Residential · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$23,000
Adjusted value
$18,762
Value range
$15,085–$22,438
Comp $/acre
$2,399/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +22.6% versus the adjusted value.
Offer position
Max allowable offer
$10,721
Offer $/acre
$1,371/ac
Projected profit
$5,628
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-303799 | 9.4 | Jun 16, 2025 | $24,300 | 2,577 | 2,754 | 78 |
| MI-973136 | 5.8 | Aug 30, 2024 | $26,100 | 4,489 | 3,264 | 78 |
| MI-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 2,017 | 71 |
| MI-642808 | 4.6 | Jun 6, 2024 | $9,500 | 2,061 | 1,739 | 64 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 2,116 | 62 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 2,201 | 60 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 2,258 | 59 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 2,604 | 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.