Comparable sales & offer analysis
Parcel MI-755022
Cheboygan County, MI · 22.81 ac · Residential · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$137,700
Adjusted value
$118,767
Value range
$100,712–$136,823
Comp $/acre
$5,207/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +15.9% versus the adjusted value.
Offer position
Max allowable offer
$67,867
Offer $/acre
$2,975/ac
Projected profit
$35,630
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-315146 | 24.9 | Jul 27, 2026 | $131,300 | 5,263 | 5,342 | 93 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 4,886 | 82 |
| MI-185369 | 29.3 | Jul 27, 2026 | $176,100 | 6,003 | 4,402 | 82 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 6,850 | 78 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 5,142 | 71 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 4,277 | 61 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 5,434 | 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.