Comparable sales & offer analysis
Parcel MI-507492
Gogebic County, MI · 137 ac · Residential · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$436,500
Adjusted value
$278,716
Value range
$209,702–$347,731
Comp $/acre
$2,041/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +56.6% versus the adjusted value.
Offer position
Max allowable offer
$159,267
Offer $/acre
$1,167/ac
Projected profit
$83,615
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-787495 | 136.8 | Mar 31, 2025 | $309,200 | 2,260 | 2,829 | 80 |
| MI-837204 | 110.8 | Oct 26, 2025 | $336,100 | 3,033 | 2,178 | 74 |
| MI-669596 | 626.9 | Oct 30, 2025 | $625,000 | 997 | 1,891 | 66 |
| MI-736599 | 71.5 | Sep 18, 2024 | $182,200 | 2,549 | 1,665 | 62 |
| MI-179959 | 815.4 | Jul 27, 2026 | $776,800 | 953 | 1,384 | 61 |
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.