Comparable sales & offer analysis
Parcel MI-509903
Houghton County, MI · 783 ac · Mixed Use · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,048,800
Adjusted value
$1,109,902
Value range
$960,758–$1,259,047
Comp $/acre
$1,417/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -5.5% versus the adjusted value.
Offer position
Max allowable offer
$634,230
Offer $/acre
$810/ac
Projected profit
$332,971
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-619875 | 767.3 | Sep 22, 2025 | $1,232,300 | 1,606 | 1,549 | 79 |
| MI-919307 | 508.5 | Nov 15, 2024 | $889,200 | 1,749 | 1,539 | 66 |
| MI-518197 | 227.5 | Apr 30, 2025 | $432,400 | 1,900 | 1,394 | 66 |
| MI-377975 | 193.7 | Mar 14, 2026 | $460,800 | 2,378 | 1,044 | 64 |
| MI-778002 | 197.6 | Apr 19, 2025 | $461,900 | 2,338 | 1,536 | 59 |
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.