Comparable sales & offer analysis
Parcel MN-208861
Lake County, MN · 399 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$735,600
Adjusted value
$886,492
Value range
$750,003–$1,022,981
Comp $/acre
$2,223/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.0% versus the adjusted value.
Offer position
Max allowable offer
$506,567
Offer $/acre
$1,270/ac
Projected profit
$265,948
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-409224 | 518.7 | Jul 27, 2026 | $1,282,300 | 2,472 | 2,696 | 81 |
| MN-558745 | 366.6 | Nov 29, 2025 | $964,400 | 2,631 | 2,152 | 78 |
| MN-209197 | 508.6 | Jan 20, 2025 | $877,900 | 1,726 | 1,989 | 72 |
| MN-127371 | 135.5 | Jun 29, 2026 | $396,300 | 2,925 | 1,767 | 71 |
| MN-217437 | 142.1 | Jan 25, 2024 | $435,000 | 3,061 | 2,514 | 57 |
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.