Comparable sales & offer analysis
Parcel MI-540987
Gogebic County, MI · 1.23 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,800
Adjusted value
$5,412
Value range
$4,792–$6,032
Comp $/acre
$4,400/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.2% versus the adjusted value.
Offer position
Max allowable offer
$3,092
Offer $/acre
$2,514/ac
Projected profit
$1,624
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-251289 | 1.5 | May 8, 2025 | $6,200 | 4,070 | 5,102 | 76 |
| MI-160276 | 0.7 | Jul 27, 2026 | $2,500 | 3,458 | 4,044 | 76 |
| MI-831461 | 1.7 | Apr 22, 2024 | $6,800 | 3,916 | 5,122 | 72 |
| MI-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 3,721 | 70 |
| MI-180120 | 0.7 | May 30, 2025 | $3,300 | 5,115 | 4,566 | 67 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 4,061 | 64 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 4,165 | 64 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 3,905 | 59 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 4,804 | 57 |
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.