Comparable sales & offer analysis
Parcel MI-463399
Cheboygan County, MI · 7.04 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$43,200
Adjusted value
$40,062
Value range
$33,263–$46,860
Comp $/acre
$5,691/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.8% versus the adjusted value.
Offer position
Max allowable offer
$22,892
Offer $/acre
$3,252/ac
Projected profit
$12,018
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-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 5,805 | 88 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 5,693 | 82 |
| MI-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 5,080 | 78 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 5,112 | 76 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 3,978 | 70 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 5,409 | 67 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 7,585 | 64 |
| MI-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 6,953 | 62 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 6,044 | 60 |
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.