Comparable sales & offer analysis
Parcel MI-989189
Chippewa County, MI · 467 ac · Agricultural · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$498,800
Adjusted value
$539,156
Value range
$433,420–$644,892
Comp $/acre
$1,155/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -7.5% versus the adjusted value.
Offer position
Max allowable offer
$308,089
Offer $/acre
$660/ac
Projected profit
$161,747
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-439531 | 598.0 | Mar 12, 2026 | $799,100 | 1,336 | 1,253 | 82 |
| MI-679020 | 413.0 | Oct 22, 2023 | $301,100 | 729 | 790 | 79 |
| MI-438551 | 294.0 | Jun 9, 2025 | $670,400 | 2,280 | 1,462 | 71 |
| MI-388698 | 327.1 | Dec 5, 2024 | $817,100 | 2,498 | 1,229 | 70 |
| MI-798162 | 221.8 | Jan 4, 2026 | $407,400 | 1,837 | 1,062 | 68 |
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.