Comparable sales & offer analysis
Parcel MI-442158
Houghton County, MI · 2.86 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$18,100
Adjusted value
$16,656
Value range
$13,890–$19,422
Comp $/acre
$5,824/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.7% versus the adjusted value.
Offer position
Max allowable offer
$9,518
Offer $/acre
$3,328/ac
Projected profit
$4,997
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-132483 | 3.6 | Sep 1, 2024 | $18,300 | 5,028 | 6,374 | 76 |
| MI-750833 | 1.1 | Jun 22, 2026 | $5,600 | 5,110 | 5,944 | 75 |
| MI-811110 | 1.3 | Jan 4, 2026 | $4,900 | 3,654 | 4,343 | 68 |
| MI-443228 | 6.2 | Sep 18, 2024 | $39,900 | 6,414 | 7,147 | 68 |
| MI-481338 | 1.6 | Oct 17, 2024 | $7,300 | 4,620 | 6,720 | 66 |
| MI-531241 | 1.5 | May 20, 2024 | $5,400 | 3,661 | 4,762 | 66 |
| MI-363420 | 7.2 | Jan 16, 2025 | $26,300 | 3,672 | 4,791 | 63 |
| MI-453037 | 5.4 | Oct 10, 2024 | $33,000 | 6,095 | 6,412 | 61 |
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.