Comparable sales & offer analysis
Parcel MN-406893
Lake County, MN · 95.84 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$187,800
Adjusted value
$212,773
Value range
$174,665–$250,880
Comp $/acre
$2,220/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.7% versus the adjusted value.
Offer position
Max allowable offer
$121,584
Offer $/acre
$1,269/ac
Projected profit
$63,832
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-127371 | 135.5 | Jun 29, 2026 | $396,300 | 2,925 | 1,778 | 75 |
| MN-536062 | 52.5 | Jul 27, 2026 | $277,900 | 5,295 | 2,568 | 74 |
| MN-506904 | 96.6 | Aug 5, 2025 | $276,100 | 2,858 | 1,736 | 73 |
| MN-306506 | 72.4 | Oct 21, 2024 | $300,000 | 4,143 | 2,820 | 71 |
| MN-825445 | 33.6 | Feb 27, 2026 | $132,200 | 3,939 | 1,788 | 65 |
| MN-746003 | 50.3 | Mar 21, 2025 | $185,300 | 3,684 | 2,310 | 64 |
| MN-217437 | 142.1 | Jan 25, 2024 | $435,000 | 3,061 | 2,531 | 61 |
| MN-145700 | 40.4 | Sep 25, 2024 | $177,200 | 4,388 | 2,285 | 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.