Comparable sales & offer analysis
Parcel MI-142292
Cheboygan County, MI · 3.16 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,800
Adjusted value
$16,019
Value range
$14,611–$17,428
Comp $/acre
$5,069/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.3% versus the adjusted value.
Offer position
Max allowable offer
$9,154
Offer $/acre
$2,897/ac
Projected profit
$4,806
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-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 4,552 | 85 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 5,413 | 80 |
| MI-961430 | 1.7 | Jul 27, 2026 | $9,600 | 5,710 | 4,821 | 78 |
| MI-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 5,202 | 72 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 5,100 | 70 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 4,578 | 64 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 5,387 | 61 |
| MI-681233 | 1.5 | Feb 3, 2025 | $7,800 | 5,336 | 6,035 | 61 |
| MI-380700 | 1.0 | Jan 10, 2025 | $3,500 | 3,531 | 4,688 | 58 |
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.