Comparable sales & offer analysis
Parcel MI-654731
Cheboygan County, MI · 18.47 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$148,700
Adjusted value
$115,281
Value range
$103,080–$127,482
Comp $/acre
$6,242/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +29.0% versus the adjusted value.
Offer position
Max allowable offer
$65,875
Offer $/acre
$3,567/ac
Projected profit
$34,584
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 | 6,439 | 85 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 5,888 | 77 |
| MI-185369 | 29.3 | Jul 27, 2026 | $176,100 | 6,003 | 5,306 | 77 |
| MI-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 7,568 | 77 |
| MI-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 6,321 | 68 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 6,197 | 66 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 6,547 | 61 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 5,563 | 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.