Comparable sales & offer analysis
Parcel MI-592151
Iron County, MI · 2.85 ac · Residential · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$16,700
Adjusted value
$11,371
Value range
$9,682–$13,060
Comp $/acre
$3,990/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +46.9% versus the adjusted value.
Offer position
Max allowable offer
$6,497
Offer $/acre
$2,280/ac
Projected profit
$3,411
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-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 3,148 | 80 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 4,477 | 76 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 4,891 | 75 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 3,328 | 75 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 3,787 | 70 |
| MI-693864 | 9.9 | Jul 27, 2026 | $26,300 | 2,670 | 4,235 | 69 |
| MI-540624 | 0.9 | Sep 3, 2024 | $4,300 | 4,545 | 4,148 | 58 |
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.