Comparable sales & offer analysis
Parcel MI-778002
Houghton County, MI · 198 ac · Residential · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$475,200
Adjusted value
$441,322
Value range
$334,046–$548,597
Comp $/acre
$2,234/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.7% versus the adjusted value.
Offer position
Max allowable offer
$252,184
Offer $/acre
$1,277/ac
Projected profit
$132,396
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-377975 | 193.7 | Mar 14, 2026 | $460,800 | 2,378 | 1,687 | 87 |
| MI-518197 | 227.5 | Apr 30, 2025 | $432,400 | 1,900 | 2,253 | 72 |
| MI-756521 | 67.6 | Oct 13, 2025 | $313,400 | 4,638 | 3,129 | 71 |
| MI-919307 | 508.5 | Nov 15, 2024 | $889,200 | 1,749 | 2,486 | 66 |
| MI-906599 | 71.5 | Mar 22, 2024 | $141,400 | 1,978 | 1,690 | 62 |
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.