Comparable sales & offer analysis
Parcel MN-111302
Itasca County, MN · 1.67 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$9,800
Adjusted value
$10,192
Value range
$7,338–$13,045
Comp $/acre
$6,103/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -3.8% versus the adjusted value.
Offer position
Max allowable offer
$5,824
Offer $/acre
$3,487/ac
Projected profit
$3,057
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 |
|---|---|---|---|---|---|---|
| MN-211448 | 1.9 | Jun 23, 2026 | $7,300 | 3,937 | 8,448 | 81 |
| MN-622058 | 2.9 | Jul 27, 2026 | $12,000 | 4,169 | 7,120 | 74 |
| MN-670265 | 0.8 | May 28, 2026 | $1,800 | 2,244 | 3,916 | 74 |
| MN-601532 | 2.0 | Jun 30, 2025 | $5,000 | 2,542 | 5,287 | 73 |
| MN-290856 | 1.2 | Dec 17, 2025 | $2,900 | 2,377 | 3,520 | 72 |
| MN-191892 | 2.6 | Mar 24, 2026 | $8,000 | 3,136 | 5,477 | 70 |
| MN-462465 | 3.9 | Feb 7, 2026 | $14,400 | 3,723 | 5,363 | 67 |
| MN-221928 | 2.6 | Aug 22, 2024 | $8,900 | 3,384 | 7,876 | 67 |
| MN-640723 | 1.1 | Mar 10, 2025 | $4,900 | 4,461 | 7,913 | 64 |
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.