Comparable sales & offer analysis
Parcel MI-957416
Iron County, MI · 129 ac · Residential · Dirt · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$600,900
Adjusted value
$392,551
Value range
$312,775–$472,328
Comp $/acre
$3,038/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +53.1% versus the adjusted value.
Offer position
Max allowable offer
$224,315
Offer $/acre
$1,736/ac
Projected profit
$117,765
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-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 2,716 | 76 |
| MI-415988 | 45.9 | Jul 27, 2026 | $186,500 | 4,061 | 3,940 | 72 |
| MI-898643 | 314.3 | Jun 19, 2026 | $358,400 | 1,140 | 2,681 | 71 |
| MI-888917 | 383.3 | Jul 27, 2026 | $400,300 | 1,044 | 2,593 | 71 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 3,842 | 67 |
| MI-898880 | 373.2 | Apr 21, 2024 | $672,900 | 1,803 | 2,381 | 57 |
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.