Comparable sales & offer analysis
Parcel MI-531241
Houghton County, MI · 1.47 ac · Recreational · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$6,500
Adjusted value
$6,747
Value range
$5,530–$7,964
Comp $/acre
$4,590/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -3.7% versus the adjusted value.
Offer position
Max allowable offer
$3,855
Offer $/acre
$2,623/ac
Projected profit
$2,024
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-811110 | 1.3 | Jan 4, 2026 | $4,900 | 3,654 | 3,673 | 79 |
| MI-481338 | 1.6 | Oct 17, 2024 | $7,300 | 4,620 | 5,682 | 78 |
| MI-750833 | 1.1 | Jun 22, 2026 | $5,600 | 5,110 | 5,027 | 78 |
| MI-970160 | 0.7 | Aug 15, 2025 | $2,700 | 4,075 | 4,234 | 71 |
| MI-930107 | 0.7 | Jan 5, 2025 | $2,600 | 3,959 | 3,484 | 67 |
| MI-442158 | 2.9 | Sep 26, 2024 | $16,800 | 5,867 | 5,353 | 66 |
| MI-132483 | 3.6 | Sep 1, 2024 | $18,300 | 5,028 | 5,389 | 66 |
| MI-370174 | 0.7 | Jun 28, 2024 | $3,300 | 4,921 | 3,758 | 63 |
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.