Comparable sales & offer analysis
Parcel MI-377975
Houghton County, MI · 194 ac · Unzoned · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$445,200
Adjusted value
$674,076
Value range
$550,285–$797,868
Comp $/acre
$3,479/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -34.0% versus the adjusted value.
Offer position
Max allowable offer
$385,186
Offer $/acre
$1,988/ac
Projected profit
$202,223
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-778002 | 197.6 | Apr 19, 2025 | $461,900 | 2,338 | 3,562 | 82 |
| MI-518197 | 227.5 | Apr 30, 2025 | $432,400 | 1,900 | 3,234 | 72 |
| MI-756521 | 67.6 | Oct 13, 2025 | $313,400 | 4,638 | 4,491 | 68 |
| MI-919307 | 508.5 | Nov 15, 2024 | $889,200 | 1,749 | 3,569 | 65 |
| MI-906599 | 71.5 | Mar 22, 2024 | $141,400 | 1,978 | 2,427 | 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.