Comparable sales & offer analysis
Parcel ND-397879
Wells County, ND · 346 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$372,400
Adjusted value
$370,447
Value range
$276,437–$464,458
Comp $/acre
$1,070/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +0.5% versus the adjusted value.
Offer position
Max allowable offer
$211,684
Offer $/acre
$611/ac
Projected profit
$111,134
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 |
|---|---|---|---|---|---|---|
| ND-318456 | 526.1 | Jul 27, 2026 | $453,200 | 861 | 569 | 82 |
| ND-608162 | 425.2 | Jul 27, 2026 | $650,100 | 1,529 | 947 | 80 |
| ND-717271 | 223.0 | Jul 19, 2026 | $348,100 | 1,561 | 1,179 | 80 |
| ND-347947 | 363.9 | Jul 30, 2025 | $426,800 | 1,173 | 988 | 79 |
| ND-288914 | 733.1 | May 2, 2026 | $1,136,500 | 1,550 | 1,143 | 73 |
| ND-966312 | 111.3 | Jul 27, 2026 | $435,800 | 3,915 | 1,413 | 69 |
| ND-966264 | 107.5 | Apr 24, 2024 | $281,600 | 2,619 | 1,407 | 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.