Comparable sales & offer analysis
Parcel MI-649135
Cheboygan County, MI · 449 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$965,200
Adjusted value
$1,082,817
Value range
$996,192–$1,169,442
Comp $/acre
$2,412/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.9% versus the adjusted value.
Offer position
Max allowable offer
$618,753
Offer $/acre
$1,378/ac
Projected profit
$324,845
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-229385 | 538.0 | Jul 27, 2026 | $1,404,400 | 2,610 | 2,362 | 85 |
| MI-158930 | 386.9 | Jul 27, 2026 | $743,800 | 1,922 | 2,726 | 81 |
| MI-128760 | 342.1 | Jul 27, 2026 | $984,000 | 2,876 | 2,273 | 80 |
| MI-908248 | 236.1 | Jun 10, 2025 | $671,200 | 2,843 | 2,457 | 66 |
| MI-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 2,183 | 57 |
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.