Comparable sales & offer analysis
Parcel MI-798162
Chippewa County, MI · 222 ac · Residential · Dirt · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$409,900
Adjusted value
$463,352
Value range
$387,055–$539,648
Comp $/acre
$2,089/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.5% versus the adjusted value.
Offer position
Max allowable offer
$264,772
Offer $/acre
$1,194/ac
Projected profit
$139,005
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-438551 | 294.0 | Jun 9, 2025 | $670,400 | 2,280 | 2,608 | 79 |
| MI-989189 | 466.8 | Jul 27, 2026 | $488,800 | 1,047 | 1,883 | 73 |
| MI-439531 | 598.0 | Mar 12, 2026 | $799,100 | 1,336 | 2,235 | 67 |
| MI-388698 | 327.1 | Dec 5, 2024 | $817,100 | 2,498 | 2,192 | 66 |
| MI-117255 | 115.0 | Oct 22, 2024 | $177,500 | 1,544 | 2,160 | 61 |
| MI-679020 | 413.0 | Oct 22, 2023 | $301,100 | 729 | 1,409 | 59 |
| MI-666678 | 75.7 | Oct 4, 2025 | $212,700 | 2,809 | 1,971 | 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.