Comparable sales & offer analysis
Parcel MI-392486
Lenawee County, MI · 3.63 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$20,200
Adjusted value
$23,134
Value range
$16,657–$29,612
Comp $/acre
$6,373/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.7% versus the adjusted value.
Offer position
Max allowable offer
$13,220
Offer $/acre
$3,642/ac
Projected profit
$6,940
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-982167 | 2.9 | Jul 27, 2026 | $20,100 | 6,975 | 4,862 | 88 |
| MI-343371 | 6.9 | Jul 27, 2026 | $40,100 | 5,809 | 4,202 | 78 |
| MI-361647 | 2.0 | Nov 10, 2025 | $16,900 | 8,537 | 7,409 | 76 |
| MI-823374 | 6.9 | Apr 22, 2026 | $54,500 | 7,880 | 8,474 | 71 |
| MI-842144 | 2.8 | Aug 27, 2024 | $14,200 | 5,016 | 5,417 | 71 |
| MI-652696 | 4.2 | Oct 29, 2024 | $16,800 | 3,972 | 4,268 | 69 |
| MI-191155 | 1.4 | May 6, 2025 | $12,800 | 9,175 | 9,741 | 69 |
| MI-524093 | 11.6 | Sep 27, 2025 | $108,800 | 9,350 | 7,273 | 63 |
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.