Comparable sales & offer analysis
Parcel MI-970160
Houghton County, MI · 0.67 ac · Unzoned · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,800
Adjusted value
$2,863
Value range
$2,337–$3,389
Comp $/acre
$4,273/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -2.2% versus the adjusted value.
Offer position
Max allowable offer
$1,636
Offer $/acre
$2,442/ac
Projected profit
$859
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-370174 | 0.7 | Jun 28, 2024 | $3,300 | 4,921 | 3,789 | 78 |
| MI-750833 | 1.1 | Jun 22, 2026 | $5,600 | 5,110 | 5,069 | 75 |
| MI-930107 | 0.7 | Jan 5, 2025 | $2,600 | 3,959 | 3,513 | 72 |
| MI-811110 | 1.3 | Jan 4, 2026 | $4,900 | 3,654 | 3,703 | 69 |
| MI-531241 | 1.5 | May 20, 2024 | $5,400 | 3,661 | 4,059 | 66 |
| MI-481338 | 1.6 | Oct 17, 2024 | $7,300 | 4,620 | 5,729 | 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.