Comparable sales & offer analysis
Parcel MI-973136
Gogebic County, MI · 5.82 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$27,300
Adjusted value
$20,645
Value range
$17,283–$24,008
Comp $/acre
$3,547/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +32.2% versus the adjusted value.
Offer position
Max allowable offer
$11,797
Offer $/acre
$2,027/ac
Projected profit
$6,194
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-743545 | 7.8 | May 8, 2025 | $21,600 | 2,765 | 4,358 | 81 |
| MI-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 3,002 | 76 |
| MI-303799 | 9.4 | Jun 16, 2025 | $24,300 | 2,577 | 4,099 | 71 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 3,151 | 69 |
| MI-642808 | 4.6 | Jun 6, 2024 | $9,500 | 2,061 | 2,589 | 69 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 3,362 | 66 |
| MI-831461 | 1.7 | Apr 22, 2024 | $6,800 | 3,916 | 4,133 | 65 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 3,277 | 64 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 3,877 | 62 |
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.