Comparable sales & offer analysis
Parcel MI-513071
Chippewa County, MI · 5.55 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$19,000
Adjusted value
$14,201
Value range
$10,792–$17,609
Comp $/acre
$2,559/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.8% versus the adjusted value.
Offer position
Max allowable offer
$8,115
Offer $/acre
$1,462/ac
Projected profit
$4,260
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-733092 | 5.6 | Jul 15, 2026 | $18,900 | 3,350 | 2,281 | 87 |
| MI-832660 | 4.1 | Mar 21, 2025 | $10,900 | 2,656 | 1,882 | 77 |
| MI-433570 | 8.0 | May 13, 2024 | $29,600 | 3,712 | 2,313 | 69 |
| MI-632048 | 2.6 | Jan 3, 2026 | $7,500 | 2,816 | 2,223 | 69 |
| MI-953922 | 10.3 | Sep 24, 2024 | $52,800 | 5,133 | 3,921 | 69 |
| MI-104584 | 16.6 | Jul 27, 2026 | $42,000 | 2,530 | 1,875 | 67 |
| MI-773915 | 10.2 | Nov 5, 2025 | $35,000 | 3,424 | 2,384 | 67 |
| MI-304297 | 13.5 | Apr 10, 2025 | $65,000 | 4,821 | 3,029 | 64 |
| MI-532324 | 3.2 | May 11, 2024 | $10,000 | 3,082 | 2,643 | 63 |
| MI-731577 | 1.9 | Mar 14, 2025 | $10,800 | 5,745 | 3,278 | 63 |
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.