Comparable sales & offer analysis
Parcel LA-489619
Morehouse County, LA · 691 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,147,600
Adjusted value
$1,127,612
Value range
$917,302–$1,337,923
Comp $/acre
$1,633/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.8% versus the adjusted value.
Offer position
Max allowable offer
$644,350
Offer $/acre
$933/ac
Projected profit
$338,284
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 |
|---|---|---|---|---|---|---|
| LA-868634 | 338.3 | Jul 27, 2026 | $721,000 | 2,131 | 1,723 | 76 |
| LA-849309 | 551.6 | Feb 13, 2025 | $816,900 | 1,481 | 1,470 | 75 |
| LA-489745 | 756.5 | Apr 25, 2025 | $1,373,100 | 1,815 | 1,595 | 74 |
| LA-688941 | 422.5 | Jul 18, 2025 | $679,800 | 1,609 | 1,044 | 71 |
| LA-728012 | 215.6 | Jul 27, 2026 | $618,800 | 2,871 | 1,652 | 69 |
| LA-199105 | 475.8 | Nov 5, 2025 | $1,036,700 | 2,179 | 1,986 | 69 |
| LA-488105 | 230.6 | Jun 2, 2024 | $511,800 | 2,220 | 2,037 | 61 |
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.