Comparable sales & offer analysis
Parcel MI-227850
Baraga County, MI · 177 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$409,300
Adjusted value
$541,097
Value range
$442,455–$639,739
Comp $/acre
$3,058/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.4% versus the adjusted value.
Offer position
Max allowable offer
$309,198
Offer $/acre
$1,747/ac
Projected profit
$162,329
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 |
|---|---|---|---|---|---|---|
| MI-768138 | 218.0 | Jul 27, 2026 | $612,700 | 2,810 | 2,950 | 78 |
| MI-568030 | 201.6 | Oct 10, 2025 | $354,300 | 1,758 | 2,359 | 75 |
| MI-317232 | 113.1 | Dec 27, 2025 | $256,200 | 2,266 | 2,403 | 74 |
| MI-177654 | 153.5 | Jan 22, 2025 | $479,500 | 3,123 | 2,714 | 74 |
| MI-748190 | 226.4 | Aug 10, 2025 | $410,200 | 1,812 | 2,975 | 74 |
| MI-708604 | 305.6 | Oct 8, 2025 | $814,300 | 2,665 | 3,222 | 72 |
| MI-108840 | 362.5 | Jun 6, 2024 | $611,000 | 1,686 | 3,323 | 69 |
| MI-439014 | 411.2 | Aug 19, 2025 | $1,148,200 | 2,792 | 4,309 | 67 |
| MI-759012 | 410.6 | Nov 13, 2024 | $848,700 | 2,067 | 2,827 | 65 |
| MI-269477 | 575.1 | Jun 14, 2025 | $1,446,100 | 2,515 | 3,719 | 65 |
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.