Comparable sales & offer analysis
Parcel MI-898880
Iron County, MI · 373 ac · Unzoned · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$723,600
Adjusted value
$1,008,565
Value range
$759,098–$1,258,031
Comp $/acre
$2,703/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.3% versus the adjusted value.
Offer position
Max allowable offer
$576,323
Offer $/acre
$1,544/ac
Projected profit
$302,569
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-888917 | 383.3 | Jul 27, 2026 | $400,300 | 1,044 | 2,166 | 86 |
| MI-898643 | 314.3 | Jun 19, 2026 | $358,400 | 1,140 | 2,240 | 82 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 3,210 | 72 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 2,269 | 64 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 3,911 | 62 |
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.