Comparable sales & offer analysis
Parcel MI-902177
Cheboygan County, MI · 2.90 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$13,300
Adjusted value
$13,061
Value range
$11,281–$14,841
Comp $/acre
$4,504/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.8% versus the adjusted value.
Offer position
Max allowable offer
$7,464
Offer $/acre
$2,574/ac
Projected profit
$3,918
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-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 3,323 | 87 |
| MI-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 4,245 | 85 |
| MI-961430 | 1.7 | Jul 27, 2026 | $9,600 | 5,710 | 4,496 | 80 |
| MI-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 4,851 | 76 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 4,756 | 68 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 4,270 | 68 |
| MI-681233 | 1.5 | Feb 3, 2025 | $7,800 | 5,336 | 5,628 | 67 |
| MI-380700 | 1.0 | Jan 10, 2025 | $3,500 | 3,531 | 4,372 | 60 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 5,024 | 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.