Comparable sales & offer analysis
Parcel MI-908248
Cheboygan County, MI · 236 ac · Agricultural · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$679,400
Adjusted value
$670,629
Value range
$590,494–$750,764
Comp $/acre
$2,841/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.3% versus the adjusted value.
Offer position
Max allowable offer
$383,216
Offer $/acre
$1,623/ac
Projected profit
$201,189
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-128760 | 342.1 | Jul 27, 2026 | $984,000 | 2,876 | 2,775 | 85 |
| MI-158930 | 386.9 | Jul 27, 2026 | $743,800 | 1,922 | 3,328 | 76 |
| MI-229385 | 538.0 | Jul 27, 2026 | $1,404,400 | 2,610 | 2,884 | 73 |
| MI-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 2,666 | 73 |
| MI-997401 | 127.8 | Feb 21, 2025 | $461,000 | 3,607 | 3,258 | 69 |
| MI-649135 | 448.9 | Mar 4, 2025 | $1,017,300 | 2,266 | 2,951 | 65 |
| MI-267217 | 111.9 | Jun 16, 2025 | $281,500 | 2,516 | 2,196 | 64 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 2,562 | 59 |
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.