Comparable sales & offer analysis
Parcel MN-687372
Lake of the Woods County, MN · 136 ac · Residential · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$495,800
Adjusted value
$401,321
Value range
$311,804–$490,838
Comp $/acre
$2,960/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +23.5% versus the adjusted value.
Offer position
Max allowable offer
$229,326
Offer $/acre
$1,691/ac
Projected profit
$120,396
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-837475 | 146.1 | May 4, 2026 | $812,800 | 5,563 | 3,926 | 87 |
| MN-637448 | 143.3 | Sep 4, 2025 | $762,500 | 5,322 | 3,794 | 79 |
| MN-727095 | 110.9 | Jul 27, 2026 | $517,900 | 4,669 | 3,003 | 79 |
| MN-326111 | 54.4 | Jul 27, 2026 | $225,600 | 4,148 | 2,348 | 74 |
| MN-398149 | 238.1 | Jan 22, 2025 | $761,500 | 3,199 | 3,398 | 68 |
| MN-626823 | 91.1 | Jun 13, 2024 | $388,900 | 4,269 | 2,952 | 67 |
| MN-518975 | 433.1 | Apr 21, 2026 | $1,509,900 | 3,486 | 2,339 | 66 |
| MN-498273 | 260.4 | Mar 19, 2025 | $856,700 | 3,289 | 2,416 | 64 |
| MN-376017 | 50.8 | Apr 15, 2024 | $198,600 | 3,908 | 1,982 | 63 |
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.