Comparable sales & offer analysis
Parcel MI-363420
Houghton County, MI · 7.15 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$27,900
Adjusted value
$37,515
Value range
$34,513–$40,516
Comp $/acre
$5,247/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -25.6% versus the adjusted value.
Offer position
Max allowable offer
$21,437
Offer $/acre
$2,998/ac
Projected profit
$11,254
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-714133 | 12.0 | Jul 27, 2026 | $54,200 | 4,528 | 4,690 | 79 |
| MI-443228 | 6.2 | Sep 18, 2024 | $39,900 | 6,414 | 5,872 | 73 |
| MI-453037 | 5.4 | Oct 10, 2024 | $33,000 | 6,095 | 5,268 | 71 |
| MI-132483 | 3.6 | Sep 1, 2024 | $18,300 | 5,028 | 5,236 | 63 |
| MI-442158 | 2.9 | Sep 26, 2024 | $16,800 | 5,867 | 5,201 | 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.