Comparable sales & offer analysis
Parcel MI-231493
Iron County, MI · 1.77 ac · Agricultural · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$7,800
Adjusted value
$8,165
Value range
$6,458–$9,872
Comp $/acre
$4,613/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -4.5% versus the adjusted value.
Offer position
Max allowable offer
$4,666
Offer $/acre
$2,636/ac
Projected profit
$2,449
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-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 4,970 | 86 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 4,551 | 85 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 3,199 | 79 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 3,383 | 71 |
| MI-600400 | 0.8 | Jul 27, 2026 | $3,900 | 4,832 | 4,822 | 71 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 5,507 | 71 |
| MI-270417 | 0.8 | Jul 27, 2026 | $6,000 | 7,404 | 6,335 | 69 |
| MI-540624 | 0.9 | Sep 3, 2024 | $4,300 | 4,545 | 4,215 | 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.