Comparable sales & offer analysis
Parcel MI-919307
Houghton County, MI · 508 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$973,900
Adjusted value
$835,271
Value range
$711,776–$958,766
Comp $/acre
$1,643/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +16.6% versus the adjusted value.
Offer position
Max allowable offer
$477,298
Offer $/acre
$939/ac
Projected profit
$250,581
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-619875 | 767.3 | Sep 22, 2025 | $1,232,300 | 1,606 | 1,890 | 79 |
| MI-377975 | 193.7 | Mar 14, 2026 | $460,800 | 2,378 | 1,273 | 72 |
| MI-509903 | 783.0 | Mar 15, 2025 | $879,900 | 1,124 | 1,461 | 68 |
| MI-778002 | 197.6 | Apr 19, 2025 | $461,900 | 2,338 | 1,874 | 68 |
| MI-518197 | 227.5 | Apr 30, 2025 | $432,400 | 1,900 | 1,701 | 65 |
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.