Comparable sales & offer analysis
Parcel MI-132483
Houghton County, MI · 3.63 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$19,500
Adjusted value
$18,042
Value range
$15,248–$20,835
Comp $/acre
$4,970/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.1% versus the adjusted value.
Offer position
Max allowable offer
$10,310
Offer $/acre
$2,840/ac
Projected profit
$5,413
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-442158 | 2.9 | Sep 26, 2024 | $16,800 | 5,867 | 5,405 | 76 |
| MI-714133 | 12.0 | Jul 27, 2026 | $54,200 | 4,528 | 4,872 | 75 |
| MI-453037 | 5.4 | Oct 10, 2024 | $33,000 | 6,095 | 5,474 | 70 |
| MI-750833 | 1.1 | Jun 22, 2026 | $5,600 | 5,110 | 5,074 | 69 |
| MI-481338 | 1.6 | Oct 17, 2024 | $7,300 | 4,620 | 5,736 | 69 |
| MI-443228 | 6.2 | Sep 18, 2024 | $39,900 | 6,414 | 6,101 | 69 |
| MI-531241 | 1.5 | May 20, 2024 | $5,400 | 3,661 | 4,065 | 66 |
| MI-363420 | 7.2 | Jan 16, 2025 | $26,300 | 3,672 | 4,090 | 65 |
| MI-811110 | 1.3 | Jan 4, 2026 | $4,900 | 3,654 | 3,707 | 64 |
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.