Comparable sales & offer analysis
Parcel MI-504161
Delta County, MI · 12.23 ac · Residential · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$37,400
Adjusted value
$28,944
Value range
$22,784–$35,104
Comp $/acre
$2,367/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +29.2% versus the adjusted value.
Offer position
Max allowable offer
$16,539
Offer $/acre
$1,352/ac
Projected profit
$8,683
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-914253 | 13.1 | Nov 23, 2024 | $39,600 | 3,033 | 2,602 | 77 |
| MI-263975 | 10.7 | Jun 14, 2024 | $14,700 | 1,376 | 1,268 | 75 |
| MI-643434 | 7.2 | Nov 20, 2024 | $19,100 | 2,641 | 2,735 | 71 |
| MI-702732 | 4.3 | Jul 27, 2026 | $18,500 | 4,267 | 2,326 | 71 |
| MI-165570 | 33.9 | Oct 18, 2024 | $114,100 | 3,364 | 2,827 | 63 |
| MI-345564 | 33.8 | Mar 1, 2024 | $102,500 | 3,034 | 2,611 | 61 |
| MI-575746 | 38.5 | Mar 3, 2025 | $150,600 | 3,907 | 2,305 | 60 |
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.