Comparable sales & offer analysis
Parcel MI-748190
Baraga County, MI · 226 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$430,400
Adjusted value
$433,120
Value range
$347,011–$519,229
Comp $/acre
$1,913/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -0.6% versus the adjusted value.
Offer position
Max allowable offer
$247,497
Offer $/acre
$1,093/ac
Projected profit
$129,936
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 | 1,883 | 84 |
| MI-568030 | 201.6 | Oct 10, 2025 | $354,300 | 1,758 | 1,506 | 79 |
| MI-708604 | 305.6 | Oct 8, 2025 | $814,300 | 2,665 | 2,057 | 77 |
| MI-317232 | 113.1 | Dec 27, 2025 | $256,200 | 2,266 | 1,534 | 71 |
| MI-177654 | 153.5 | Jan 22, 2025 | $479,500 | 3,123 | 1,732 | 70 |
| MI-108840 | 362.5 | Jun 6, 2024 | $611,000 | 1,686 | 2,120 | 67 |
| MI-227850 | 176.9 | Nov 9, 2023 | $370,400 | 2,093 | 1,491 | 67 |
| MI-439014 | 411.2 | Aug 19, 2025 | $1,148,200 | 2,792 | 2,750 | 67 |
| MI-759012 | 410.6 | Nov 13, 2024 | $848,700 | 2,067 | 1,804 | 66 |
| MI-269477 | 575.1 | Jun 14, 2025 | $1,446,100 | 2,515 | 2,374 | 63 |
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.