Comparable sales & offer analysis
Parcel MI-844981
Iron County, MI · 22.14 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$52,000
Adjusted value
$70,428
Value range
$59,552–$81,304
Comp $/acre
$3,181/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.2% versus the adjusted value.
Offer position
Max allowable offer
$40,245
Offer $/acre
$1,818/ac
Projected profit
$21,128
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-415988 | 45.9 | Jul 27, 2026 | $186,500 | 4,061 | 3,924 | 74 |
| MI-693864 | 9.9 | Jul 27, 2026 | $26,300 | 2,670 | 3,123 | 73 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 3,119 | 71 |
| MI-135517 | 32.6 | Sep 27, 2025 | $175,700 | 5,381 | 3,566 | 67 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 2,454 | 64 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 2,705 | 55 |
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.