Comparable sales & offer analysis
Parcel MI-388698
Chippewa County, MI · 327 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$984,400
Adjusted value
$817,099
Value range
$668,488–$965,711
Comp $/acre
$2,498/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.5% versus the adjusted value.
Offer position
Max allowable offer
$466,914
Offer $/acre
$1,428/ac
Projected profit
$245,130
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-989189 | 466.8 | Jul 27, 2026 | $488,800 | 1,047 | 2,310 | 80 |
| MI-439531 | 598.0 | Mar 12, 2026 | $799,100 | 1,336 | 2,743 | 76 |
| MI-438551 | 294.0 | Jun 9, 2025 | $670,400 | 2,280 | 3,201 | 76 |
| MI-798162 | 221.8 | Jan 4, 2026 | $407,400 | 1,837 | 2,324 | 71 |
| MI-679020 | 413.0 | Oct 22, 2023 | $301,100 | 729 | 1,729 | 69 |
| MI-117255 | 115.0 | Oct 22, 2024 | $177,500 | 1,544 | 2,650 | 59 |
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.