Comparable sales & offer analysis
Parcel MN-198866
Pine County, MN · 400 ac · Residential · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,314,900
Adjusted value
$1,700,342
Value range
$1,367,523–$2,033,160
Comp $/acre
$4,249/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.7% versus the adjusted value.
Offer position
Max allowable offer
$971,624
Offer $/acre
$2,428/ac
Projected profit
$510,103
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-148272 | 260.3 | Jul 14, 2026 | $862,700 | 3,315 | 4,923 | 81 |
| MN-578931 | 419.5 | Nov 27, 2025 | $971,300 | 2,315 | 3,491 | 81 |
| MN-599118 | 480.3 | Jul 27, 2026 | $1,555,700 | 3,239 | 4,193 | 78 |
| MN-848934 | 420.4 | Apr 3, 2025 | $1,346,800 | 3,204 | 4,961 | 76 |
| MN-319112 | 478.3 | May 22, 2025 | $1,374,600 | 2,874 | 3,911 | 75 |
| MN-107978 | 210.3 | Oct 28, 2025 | $960,400 | 4,566 | 4,791 | 69 |
| MN-617659 | 166.9 | Feb 11, 2025 | $376,800 | 2,257 | 2,697 | 66 |
| MN-927340 | 132.5 | Aug 11, 2025 | $824,300 | 6,221 | 5,808 | 64 |
| MN-787804 | 185.4 | Nov 6, 2024 | $690,300 | 3,723 | 3,920 | 61 |
| MN-479597 | 679.6 | Jan 16, 2024 | $1,072,300 | 1,578 | 3,701 | 59 |
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.