Comparable sales & offer analysis
Parcel MI-370174
Houghton County, MI · 0.68 ac · Unzoned · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$3,500
Adjusted value
$4,214
Value range
$3,484–$4,944
Comp $/acre
$6,197/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -16.9% versus the adjusted value.
Offer position
Max allowable offer
$2,408
Offer $/acre
$3,541/ac
Projected profit
$1,264
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-970160 | 0.7 | Aug 15, 2025 | $2,700 | 4,075 | 6,071 | 83 |
| MI-930107 | 0.7 | Jan 5, 2025 | $2,600 | 3,959 | 4,997 | 77 |
| MI-750833 | 1.1 | Jun 22, 2026 | $5,600 | 5,110 | 7,209 | 74 |
| MI-811110 | 1.3 | Jan 4, 2026 | $4,900 | 3,654 | 5,267 | 70 |
| MI-531241 | 1.5 | May 20, 2024 | $5,400 | 3,661 | 5,774 | 63 |
| MI-481338 | 1.6 | Oct 17, 2024 | $7,300 | 4,620 | 8,147 | 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.