Comparable sales & offer analysis
Parcel MI-453037
Houghton County, MI · 5.42 ac · Mixed Use · Dirt · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$37,200
Adjusted value
$34,383
Value range
$30,050–$38,716
Comp $/acre
$6,344/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.2% versus the adjusted value.
Offer position
Max allowable offer
$19,647
Offer $/acre
$3,625/ac
Projected profit
$10,315
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-443228 | 6.2 | Sep 18, 2024 | $39,900 | 6,414 | 7,359 | 75 |
| MI-714133 | 12.0 | Jul 27, 2026 | $54,200 | 4,528 | 5,878 | 73 |
| MI-363420 | 7.2 | Jan 16, 2025 | $26,300 | 3,672 | 4,933 | 72 |
| MI-132483 | 3.6 | Sep 1, 2024 | $18,300 | 5,028 | 6,563 | 69 |
| MI-442158 | 2.9 | Sep 26, 2024 | $16,800 | 5,867 | 6,519 | 61 |
| MI-481338 | 1.6 | Oct 17, 2024 | $7,300 | 4,620 | 6,919 | 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.