Comparable sales & offer analysis
Parcel MI-404516
Chippewa County, MI · 15.81 ac · Residential · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$47,800
Adjusted value
$40,447
Value range
$30,990–$49,905
Comp $/acre
$2,558/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +18.2% versus the adjusted value.
Offer position
Max allowable offer
$23,113
Offer $/acre
$1,462/ac
Projected profit
$12,134
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-104584 | 16.6 | Jul 27, 2026 | $42,000 | 2,530 | 1,869 | 81 |
| MI-304297 | 13.5 | Apr 10, 2025 | $65,000 | 4,821 | 3,018 | 75 |
| MI-513071 | 5.5 | May 30, 2026 | $17,200 | 3,102 | 3,119 | 73 |
| MI-773915 | 10.2 | Nov 5, 2025 | $35,000 | 3,424 | 2,376 | 72 |
| MI-755476 | 31.7 | Jan 15, 2026 | $80,000 | 2,526 | 2,086 | 72 |
| MI-733092 | 5.6 | Jul 15, 2026 | $18,900 | 3,350 | 2,274 | 71 |
| MI-953922 | 10.3 | Sep 24, 2024 | $52,800 | 5,133 | 3,907 | 71 |
| MI-695729 | 38.1 | Sep 20, 2025 | $83,700 | 2,199 | 2,605 | 64 |
| MI-225730 | 38.1 | May 16, 2024 | $72,700 | 1,908 | 2,026 | 64 |
| MI-433570 | 8.0 | May 13, 2024 | $29,600 | 3,712 | 2,305 | 62 |
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.