Comparable sales & offer analysis
Parcel MI-953922
Chippewa County, MI · 10.28 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$48,900
Adjusted value
$36,022
Value range
$29,611–$42,433
Comp $/acre
$3,504/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +35.8% versus the adjusted value.
Offer position
Max allowable offer
$20,584
Offer $/acre
$2,002/ac
Projected profit
$10,807
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-773915 | 10.2 | Nov 5, 2025 | $35,000 | 3,424 | 3,387 | 80 |
| MI-513071 | 5.5 | May 30, 2026 | $17,200 | 3,102 | 4,446 | 78 |
| MI-733092 | 5.6 | Jul 15, 2026 | $18,900 | 3,350 | 3,241 | 73 |
| MI-304297 | 13.5 | Apr 10, 2025 | $65,000 | 4,821 | 4,302 | 73 |
| MI-104584 | 16.6 | Jul 27, 2026 | $42,000 | 2,530 | 2,664 | 73 |
| MI-433570 | 8.0 | May 13, 2024 | $29,600 | 3,712 | 3,285 | 72 |
| MI-404516 | 15.8 | Nov 15, 2023 | $41,500 | 2,624 | 4,194 | 68 |
| MI-755476 | 31.7 | Jan 15, 2026 | $80,000 | 2,526 | 2,973 | 67 |
| MI-832660 | 4.1 | Mar 21, 2025 | $10,900 | 2,656 | 2,674 | 63 |
| MI-532324 | 3.2 | May 11, 2024 | $10,000 | 3,082 | 3,753 | 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.