Comparable sales & offer analysis
Parcel MI-315146
Cheboygan County, MI · 24.95 ac · Residential · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$131,300
Adjusted value
$133,448
Value range
$107,932–$158,965
Comp $/acre
$5,349/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.6% versus the adjusted value.
Offer position
Max allowable offer
$76,256
Offer $/acre
$3,056/ac
Projected profit
$40,034
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-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 6,233 | 82 |
| MI-185369 | 29.3 | Jul 27, 2026 | $176,100 | 6,003 | 4,371 | 80 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 4,850 | 76 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 6,799 | 75 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 4,244 | 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.