Comparable sales & offer analysis
Parcel MI-380700
Cheboygan County, MI · 1.00 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$3,300
Adjusted value
$4,033
Value range
$3,379–$4,687
Comp $/acre
$4,033/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.2% versus the adjusted value.
Offer position
Max allowable offer
$2,304
Offer $/acre
$2,304/ac
Projected profit
$1,210
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-961430 | 1.7 | Jul 27, 2026 | $9,600 | 5,710 | 3,873 | 77 |
| MI-681233 | 1.5 | Feb 3, 2025 | $7,800 | 5,336 | 4,850 | 75 |
| MI-700268 | 0.7 | Oct 31, 2024 | $3,600 | 4,892 | 4,147 | 67 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 2,863 | 64 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 4,350 | 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.