Comparable sales & offer analysis
Parcel MI-888917
Iron County, MI · 383 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$476,600
Adjusted value
$498,313
Value range
$365,839–$630,787
Comp $/acre
$1,300/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -4.4% versus the adjusted value.
Offer position
Max allowable offer
$284,750
Offer $/acre
$743/ac
Projected profit
$149,494
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 | 1,089 | 87 |
| MI-898880 | 373.2 | Apr 21, 2024 | $672,900 | 1,803 | 967 | 74 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 1,560 | 65 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 1,900 | 63 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 1,103 | 59 |
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.