Comparable sales & offer analysis
Parcel MI-606335
Lenawee County, MI · 59.05 ac · Unzoned · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$346,600
Adjusted value
$407,671
Value range
$364,631–$450,711
Comp $/acre
$6,904/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.0% versus the adjusted value.
Offer position
Max allowable offer
$232,955
Offer $/acre
$3,945/ac
Projected profit
$122,301
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-217143 | 106.0 | Jul 27, 2026 | $582,600 | 5,494 | 7,419 | 80 |
| MI-456374 | 60.7 | Dec 30, 2023 | $320,300 | 5,273 | 6,951 | 73 |
| MI-297597 | 147.3 | Sep 23, 2024 | $534,300 | 3,627 | 6,776 | 62 |
| MI-914642 | 17.3 | Jan 20, 2025 | $87,900 | 5,078 | 7,672 | 62 |
| MI-134638 | 17.3 | Feb 12, 2025 | $67,500 | 3,911 | 5,481 | 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.