Comparable sales & offer analysis
Parcel MI-518197
Houghton County, MI · 228 ac · Mixed Use · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$508,700
Adjusted value
$461,234
Value range
$361,906–$560,562
Comp $/acre
$2,027/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +10.3% versus the adjusted value.
Offer position
Max allowable offer
$263,562
Offer $/acre
$1,158/ac
Projected profit
$138,370
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 | 1,508 | 77 |
| MI-778002 | 197.6 | Apr 19, 2025 | $461,900 | 2,338 | 2,219 | 72 |
| MI-509903 | 783.0 | Mar 15, 2025 | $879,900 | 1,124 | 1,729 | 65 |
| MI-756521 | 67.6 | Oct 13, 2025 | $313,400 | 4,638 | 2,798 | 64 |
| MI-919307 | 508.5 | Nov 15, 2024 | $889,200 | 1,749 | 2,223 | 62 |
| MI-619875 | 767.3 | Sep 22, 2025 | $1,232,300 | 1,606 | 2,238 | 61 |
| MI-906599 | 71.5 | Mar 22, 2024 | $141,400 | 1,978 | 1,511 | 56 |
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.