Comparable sales & offer analysis
Parcel MI-888917
Iron County, MI · 383 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$476,600
Adjusted value
$495,720
Value range
$363,949–$627,491
Comp $/acre
$1,293/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -3.9% versus the adjusted value.
Offer position
Max allowable offer
$283,269
Offer $/acre
$739/ac
Projected profit
$148,716
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-898643 | 314.3 | Jun 19, 2026 | $358,400 | 1,140 | 1,083 | 88 |
| MI-898880 | 373.2 | Apr 21, 2024 | $672,900 | 1,803 | 962 | 75 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 1,552 | 65 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 1,890 | 64 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 1,097 | 60 |
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.