Comparable sales & offer analysis
Parcel MI-270417
Iron County, MI · 0.81 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,800
Adjusted value
$4,089
Value range
$3,504–$4,675
Comp $/acre
$5,049/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +41.8% versus the adjusted value.
Offer position
Max allowable offer
$2,337
Offer $/acre
$2,885/ac
Projected profit
$1,227
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-600400 | 0.8 | Jul 27, 2026 | $3,900 | 4,832 | 5,679 | 86 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 3,768 | 73 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 5,360 | 70 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 5,854 | 69 |
| MI-540624 | 0.9 | Sep 3, 2024 | $4,300 | 4,545 | 4,964 | 68 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 4,531 | 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.