Comparable sales & offer analysis
Parcel MI-511186
Baraga County, MI · 1.42 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$6,100
Adjusted value
$8,546
Value range
$6,683–$10,409
Comp $/acre
$6,018/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.6% versus the adjusted value.
Offer position
Max allowable offer
$4,884
Offer $/acre
$3,439/ac
Projected profit
$2,564
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-220906 | 1.2 | Jul 2, 2026 | $4,000 | 3,434 | 4,026 | 84 |
| MI-410966 | 1.2 | Jun 5, 2026 | $7,100 | 5,885 | 7,176 | 80 |
| MI-903029 | 5.4 | Oct 19, 2023 | $26,000 | 4,828 | 5,638 | 59 |
| MI-112858 | 4.8 | Jun 21, 2025 | $27,500 | 5,768 | 6,260 | 58 |
| MI-314021 | 11.1 | Feb 2, 2025 | $48,600 | 4,395 | 7,533 | 55 |
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.