Comparable sales & offer analysis
Parcel MN-650666
Lake County, MN · 1.05 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,400
Adjusted value
$4,218
Value range
$3,879–$4,556
Comp $/acre
$4,017/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +28.0% versus the adjusted value.
Offer position
Max allowable offer
$2,410
Offer $/acre
$2,295/ac
Projected profit
$1,265
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-790496 | 0.9 | Oct 21, 2025 | $5,000 | 5,418 | 3,815 | 83 |
| MN-450355 | 0.8 | Oct 30, 2025 | $3,300 | 3,928 | 3,787 | 79 |
| MN-730845 | 1.2 | Feb 5, 2025 | $5,600 | 4,629 | 3,921 | 73 |
| MN-191484 | 1.9 | Jul 27, 2026 | $8,700 | 4,605 | 3,701 | 72 |
| MN-200874 | 1.2 | Jun 9, 2025 | $7,700 | 6,314 | 4,525 | 72 |
| MN-751526 | 2.0 | Jan 25, 2025 | $12,500 | 6,354 | 4,451 | 65 |
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.