Comparable sales & offer analysis
Parcel MI-481338
Houghton County, MI · 1.58 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$7,700
Adjusted value
$6,176
Value range
$5,131–$7,221
Comp $/acre
$3,909/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +24.7% versus the adjusted value.
Offer position
Max allowable offer
$3,529
Offer $/acre
$2,234/ac
Projected profit
$1,853
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-811110 | 1.3 | Jan 4, 2026 | $4,900 | 3,654 | 3,215 | 79 |
| MI-750833 | 1.1 | Jun 22, 2026 | $5,600 | 5,110 | 4,400 | 78 |
| MI-531241 | 1.5 | May 20, 2024 | $5,400 | 3,661 | 3,526 | 77 |
| MI-930107 | 0.7 | Jan 5, 2025 | $2,600 | 3,959 | 3,051 | 70 |
| MI-132483 | 3.6 | Sep 1, 2024 | $18,300 | 5,028 | 4,719 | 68 |
| MI-442158 | 2.9 | Sep 26, 2024 | $16,800 | 5,867 | 4,688 | 66 |
| MI-970160 | 0.7 | Aug 15, 2025 | $2,700 | 4,075 | 3,707 | 64 |
| MI-370174 | 0.7 | Jun 28, 2024 | $3,300 | 4,921 | 3,291 | 61 |
| MI-453037 | 5.4 | Oct 10, 2024 | $33,000 | 6,095 | 4,747 | 60 |
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.