Comparable sales & offer analysis
Parcel MI-985743
Houghton County, MI · 38.46 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$136,400
Adjusted value
$120,482
Value range
$86,747–$154,216
Comp $/acre
$3,133/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +13.2% versus the adjusted value.
Offer position
Max allowable offer
$68,847
Offer $/acre
$1,790/ac
Projected profit
$36,144
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 | 3,111 | 87 |
| MI-485665 | 36.3 | May 13, 2026 | $171,800 | 4,726 | 4,191 | 84 |
| MI-325971 | 45.4 | Jun 11, 2025 | $81,200 | 1,790 | 1,947 | 77 |
| MI-756521 | 67.6 | Oct 13, 2025 | $313,400 | 4,638 | 4,596 | 73 |
| MI-315360 | 29.1 | Sep 20, 2024 | $82,700 | 2,838 | 2,143 | 72 |
| MI-714133 | 12.0 | Jul 27, 2026 | $54,200 | 4,528 | 3,317 | 70 |
| MI-906599 | 71.5 | Mar 22, 2024 | $141,400 | 1,978 | 2,483 | 66 |
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.