Comparable sales & offer analysis
Parcel MI-180120
Gogebic County, MI · 0.65 ac · Agricultural · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$3,500
Adjusted value
$3,415
Value range
$2,970–$3,859
Comp $/acre
$5,253/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.5% versus the adjusted value.
Offer position
Max allowable offer
$1,951
Offer $/acre
$3,002/ac
Projected profit
$1,024
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-160276 | 0.7 | Jul 27, 2026 | $2,500 | 3,458 | 4,759 | 86 |
| MI-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 4,380 | 64 |
| MI-540987 | 1.2 | Jul 7, 2024 | $6,000 | 4,871 | 6,276 | 64 |
| MI-251289 | 1.5 | May 8, 2025 | $6,200 | 4,070 | 6,006 | 60 |
| MI-831461 | 1.7 | Apr 22, 2024 | $6,800 | 3,916 | 6,032 | 59 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 5,657 | 59 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 4,598 | 58 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 4,782 | 55 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 4,905 | 51 |
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.