Comparable sales & offer analysis
Parcel MI-438551
Chippewa County, MI · 294 ac · Residential · Dirt · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$686,200
Adjusted value
$532,625
Value range
$458,080–$607,169
Comp $/acre
$1,811/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +28.8% versus the adjusted value.
Offer position
Max allowable offer
$304,357
Offer $/acre
$1,035/ac
Projected profit
$159,787
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-798162 | 221.8 | Jan 4, 2026 | $407,400 | 1,837 | 1,747 | 82 |
| MI-989189 | 466.8 | Jul 27, 2026 | $488,800 | 1,047 | 1,737 | 79 |
| MI-439531 | 598.0 | Mar 12, 2026 | $799,100 | 1,336 | 2,062 | 74 |
| MI-388698 | 327.1 | Dec 5, 2024 | $817,100 | 2,498 | 2,022 | 73 |
| MI-679020 | 413.0 | Oct 22, 2023 | $301,100 | 729 | 1,300 | 66 |
| MI-117255 | 115.0 | Oct 22, 2024 | $177,500 | 1,544 | 1,992 | 61 |
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.