Comparable sales & offer analysis
Parcel MI-602428
Gogebic County, MI · 3.48 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$10,900
Adjusted value
$13,269
Value range
$10,897–$15,642
Comp $/acre
$3,813/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.9% versus the adjusted value.
Offer position
Max allowable offer
$7,582
Offer $/acre
$2,179/ac
Projected profit
$3,981
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-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 3,067 | 85 |
| MI-642808 | 4.6 | Jun 6, 2024 | $9,500 | 2,061 | 2,645 | 76 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 3,962 | 72 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 3,435 | 70 |
| MI-973136 | 5.8 | Aug 30, 2024 | $26,100 | 4,489 | 4,965 | 70 |
| MI-831461 | 1.7 | Apr 22, 2024 | $6,800 | 3,916 | 4,224 | 70 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 3,349 | 68 |
| MI-251289 | 1.5 | May 8, 2025 | $6,200 | 4,070 | 4,206 | 67 |
| MI-743545 | 7.8 | May 8, 2025 | $21,600 | 2,765 | 4,453 | 66 |
| MI-303799 | 9.4 | Jun 16, 2025 | $24,300 | 2,577 | 4,189 | 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.