Comparable sales & offer analysis
Parcel MI-485665
Houghton County, MI · 36.34 ac · Residential · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$164,200
Adjusted value
$127,222
Value range
$91,600–$162,844
Comp $/acre
$3,501/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +29.1% versus the adjusted value.
Offer position
Max allowable offer
$72,698
Offer $/acre
$2,001/ac
Projected profit
$38,167
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 | 3,566 | 84 |
| MI-756521 | 67.6 | Oct 13, 2025 | $313,400 | 4,638 | 5,268 | 74 |
| MI-985743 | 38.5 | May 25, 2024 | $126,700 | 3,295 | 4,151 | 74 |
| MI-325971 | 45.4 | Jun 11, 2025 | $81,200 | 1,790 | 2,232 | 73 |
| MI-714133 | 12.0 | Jul 27, 2026 | $54,200 | 4,528 | 3,802 | 70 |
| MI-315360 | 29.1 | Sep 20, 2024 | $82,700 | 2,838 | 2,456 | 69 |
| MI-906599 | 71.5 | Mar 22, 2024 | $141,400 | 1,978 | 2,846 | 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.