Comparable sales & offer analysis
Parcel MN-932485
Lake County, MN · 3.93 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$29,100
Adjusted value
$24,139
Value range
$21,171–$27,106
Comp $/acre
$6,142/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.6% versus the adjusted value.
Offer position
Max allowable offer
$13,794
Offer $/acre
$3,510/ac
Projected profit
$7,242
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-883275 | 7.0 | Jun 10, 2026 | $67,200 | 9,645 | 6,999 | 78 |
| MN-742671 | 4.5 | Oct 9, 2025 | $18,400 | 4,099 | 5,888 | 76 |
| MN-191484 | 1.9 | Jul 27, 2026 | $8,700 | 4,605 | 5,307 | 72 |
| MN-893589 | 8.8 | Jun 14, 2024 | $55,700 | 6,365 | 7,284 | 67 |
| MN-751526 | 2.0 | Jan 25, 2025 | $12,500 | 6,354 | 6,381 | 67 |
| MN-200874 | 1.2 | Jun 9, 2025 | $7,700 | 6,314 | 6,488 | 67 |
| MN-513781 | 10.1 | Apr 22, 2025 | $46,800 | 4,650 | 4,973 | 62 |
| MN-730845 | 1.2 | Feb 5, 2025 | $5,600 | 4,629 | 5,622 | 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.