Comparable sales & offer analysis
Parcel ME-409116
Penobscot County, ME · 701 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$696,800
Adjusted value
$648,988
Value range
$517,944–$780,033
Comp $/acre
$926/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.4% versus the adjusted value.
Offer position
Max allowable offer
$370,851
Offer $/acre
$529/ac
Projected profit
$194,697
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 |
|---|---|---|---|---|---|---|
| ME-288916 | 606.5 | Jan 11, 2025 | $535,900 | 884 | 1,049 | 73 |
| ME-977038 | 155.6 | Jul 27, 2026 | $135,800 | 873 | 656 | 70 |
| ME-449647 | 1029.9 | Jun 8, 2025 | $820,300 | 797 | 1,095 | 66 |
| ME-187771 | 264.6 | Sep 5, 2025 | $246,000 | 930 | 903 | 65 |
| ME-377295 | 187.4 | Dec 13, 2025 | $443,700 | 2,368 | 1,151 | 63 |
| ME-828078 | 330.5 | Jan 27, 2025 | $426,000 | 1,289 | 1,082 | 61 |
| ME-667222 | 177.8 | Aug 1, 2025 | $197,500 | 1,111 | 659 | 58 |
| ME-506792 | 130.2 | Sep 3, 2025 | $161,300 | 1,239 | 793 | 58 |
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.