Comparable sales & offer analysis
Parcel MI-997401
Cheboygan County, MI · 128 ac · Unzoned · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$439,900
Adjusted value
$415,505
Value range
$362,332–$468,678
Comp $/acre
$3,251/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.9% versus the adjusted value.
Offer position
Max allowable offer
$237,431
Offer $/acre
$1,858/ac
Projected profit
$124,651
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-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 3,151 | 75 |
| MI-267217 | 111.9 | Jun 16, 2025 | $281,500 | 2,516 | 2,595 | 73 |
| MI-128760 | 342.1 | Jul 27, 2026 | $984,000 | 2,876 | 3,280 | 71 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 3,028 | 71 |
| MI-908248 | 236.1 | Jun 10, 2025 | $671,200 | 2,843 | 3,546 | 70 |
| MI-158930 | 386.9 | Jul 27, 2026 | $743,800 | 1,922 | 3,934 | 70 |
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.