Comparable sales & offer analysis
Parcel MI-443228
Houghton County, MI · 6.22 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$39,500
Adjusted value
$35,602
Value range
$31,833–$39,370
Comp $/acre
$5,724/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +10.9% versus the adjusted value.
Offer position
Max allowable offer
$20,344
Offer $/acre
$3,271/ac
Projected profit
$10,681
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 | 5,532 | 79 |
| MI-453037 | 5.4 | Oct 10, 2024 | $33,000 | 6,095 | 6,215 | 75 |
| MI-363420 | 7.2 | Jan 16, 2025 | $26,300 | 3,672 | 4,644 | 75 |
| MI-132483 | 3.6 | Sep 1, 2024 | $18,300 | 5,028 | 6,178 | 68 |
| MI-442158 | 2.9 | Sep 26, 2024 | $16,800 | 5,867 | 6,137 | 68 |
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.