Comparable sales & offer analysis
Parcel MI-269477
Baraga County, MI · 575 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,468,100
Adjusted value
$1,251,291
Value range
$987,904–$1,514,678
Comp $/acre
$2,176/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.3% versus the adjusted value.
Offer position
Max allowable offer
$715,023
Offer $/acre
$1,243/ac
Projected profit
$375,387
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-819964 | 818.4 | Feb 23, 2026 | $935,800 | 1,143 | 1,511 | 80 |
| MI-439014 | 411.2 | Aug 19, 2025 | $1,148,200 | 2,792 | 3,057 | 76 |
| MI-759012 | 410.6 | Nov 13, 2024 | $848,700 | 2,067 | 2,005 | 75 |
| MI-708604 | 305.6 | Oct 8, 2025 | $814,300 | 2,665 | 2,286 | 75 |
| MI-768138 | 218.0 | Jul 27, 2026 | $612,700 | 2,810 | 2,093 | 74 |
| MI-439827 | 741.1 | Aug 23, 2024 | $2,082,500 | 2,810 | 2,796 | 71 |
| MI-139853 | 755.1 | Nov 12, 2024 | $1,729,400 | 2,290 | 1,862 | 71 |
| MI-108840 | 362.5 | Jun 6, 2024 | $611,000 | 1,686 | 2,357 | 68 |
| MI-568030 | 201.6 | Oct 10, 2025 | $354,300 | 1,758 | 1,673 | 66 |
| MI-748190 | 226.4 | Aug 10, 2025 | $410,200 | 1,812 | 2,111 | 64 |
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.