Comparable sales & offer analysis
Parcel MI-961430
Cheboygan County, MI · 1.69 ac · Unzoned · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$10,500
Adjusted value
$9,904
Value range
$8,427–$11,381
Comp $/acre
$5,861/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +6.0% versus the adjusted value.
Offer position
Max allowable offer
$5,660
Offer $/acre
$3,349/ac
Projected profit
$2,971
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 | 5,403 | 77 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 4,230 | 75 |
| MI-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 6,174 | 75 |
| MI-681233 | 1.5 | Feb 3, 2025 | $7,800 | 5,336 | 7,165 | 75 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 6,427 | 69 |
| MI-380700 | 1.0 | Jan 10, 2025 | $3,500 | 3,531 | 5,567 | 66 |
| MI-700268 | 0.7 | Oct 31, 2024 | $3,600 | 4,892 | 6,128 | 64 |
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.