Comparable sales & offer analysis
Parcel MI-157848
Kent County, MI · 177 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$438,000
Adjusted value
$528,778
Value range
$414,099–$643,457
Comp $/acre
$2,993/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.2% versus the adjusted value.
Offer position
Max allowable offer
$302,159
Offer $/acre
$1,710/ac
Projected profit
$158,633
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-307786 | 168.9 | Dec 11, 2025 | $629,800 | 3,728 | 3,247 | 86 |
| MI-177917 | 185.8 | Jul 5, 2025 | $632,100 | 3,403 | 3,611 | 82 |
| MI-157946 | 189.7 | Jul 27, 2026 | $641,000 | 3,379 | 2,063 | 82 |
| MI-678085 | 209.8 | Jul 27, 2026 | $985,000 | 4,695 | 4,243 | 81 |
| MI-137890 | 182.2 | Jan 27, 2026 | $675,000 | 3,706 | 3,288 | 81 |
| MI-657792 | 169.7 | Jul 6, 2025 | $374,000 | 2,204 | 2,282 | 79 |
| MI-338370 | 257.9 | Jul 27, 2026 | $588,000 | 2,280 | 2,185 | 77 |
| MI-196352 | 59.8 | Jul 27, 2026 | $333,300 | 5,575 | 3,119 | 76 |
| MI-426696 | 76.7 | Jul 27, 2026 | $334,400 | 4,360 | 2,899 | 75 |
| MI-648348 | 253.8 | Mar 29, 2025 | $536,700 | 2,114 | 2,913 | 74 |
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.