Comparable sales & offer analysis
Parcel MI-315360
Houghton County, MI · 29.14 ac · Agricultural · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$92,000
Adjusted value
$139,989
Value range
$105,041–$174,936
Comp $/acre
$4,804/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -34.3% versus the adjusted value.
Offer position
Max allowable offer
$79,994
Offer $/acre
$2,745/ac
Projected profit
$41,997
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-595568 | 33.9 | May 22, 2026 | $106,100 | 3,132 | 4,473 | 82 |
| MI-485665 | 36.3 | May 13, 2026 | $171,800 | 4,726 | 6,026 | 78 |
| MI-714133 | 12.0 | Jul 27, 2026 | $54,200 | 4,528 | 4,769 | 73 |
| MI-985743 | 38.5 | May 25, 2024 | $126,700 | 3,295 | 5,207 | 71 |
| MI-325971 | 45.4 | Jun 11, 2025 | $81,200 | 1,790 | 2,800 | 68 |
| MI-756521 | 67.6 | Oct 13, 2025 | $313,400 | 4,638 | 6,608 | 66 |
| MI-906599 | 71.5 | Mar 22, 2024 | $141,400 | 1,978 | 3,570 | 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.