Comparable sales & offer analysis
Parcel MI-669596
Gogebic County, MI · 627 ac · Residential · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$626,300
Adjusted value
$738,299
Value range
$536,450–$940,148
Comp $/acre
$1,178/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.2% versus the adjusted value.
Offer position
Max allowable offer
$421,885
Offer $/acre
$673/ac
Projected profit
$221,490
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-179959 | 815.4 | Jul 27, 2026 | $776,800 | 953 | 759 | 80 |
| MI-507492 | 136.5 | May 5, 2026 | $361,900 | 2,650 | 1,477 | 69 |
| MI-787495 | 136.8 | Mar 31, 2025 | $309,200 | 2,260 | 1,550 | 65 |
| MI-837204 | 110.8 | Oct 26, 2025 | $336,100 | 3,033 | 1,193 | 53 |
| MI-736599 | 71.5 | Sep 18, 2024 | $182,200 | 2,549 | 912 | 47 |
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.