Comparable sales & offer analysis
Parcel MI-158930
Cheboygan County, MI · 387 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$706,400
Adjusted value
$633,909
Value range
$569,880–$697,937
Comp $/acre
$1,638/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.4% versus the adjusted value.
Offer position
Max allowable offer
$362,234
Offer $/acre
$936/ac
Projected profit
$190,173
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-128760 | 342.1 | Jul 27, 2026 | $984,000 | 2,876 | 1,607 | 85 |
| MI-229385 | 538.0 | Jul 27, 2026 | $1,404,400 | 2,610 | 1,669 | 82 |
| MI-649135 | 448.9 | Mar 4, 2025 | $1,017,300 | 2,266 | 1,709 | 73 |
| MI-908248 | 236.1 | Jun 10, 2025 | $671,200 | 2,843 | 1,737 | 69 |
| MI-997401 | 127.8 | Feb 21, 2025 | $461,000 | 3,607 | 1,887 | 62 |
| MI-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 1,544 | 61 |
| MI-267217 | 111.9 | Jun 16, 2025 | $281,500 | 2,516 | 1,271 | 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.