Comparable sales & offer analysis
Parcel MI-297597
Lenawee County, MI · 147 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$505,500
Adjusted value
$532,559
Value range
$440,539–$624,580
Comp $/acre
$3,615/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -5.1% versus the adjusted value.
Offer position
Max allowable offer
$304,320
Offer $/acre
$2,066/ac
Projected profit
$159,768
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 | 4,287 | 83 |
| MI-328986 | 403.0 | Jul 27, 2026 | $835,200 | 2,073 | 2,764 | 76 |
| MI-606335 | 59.0 | Jul 27, 2026 | $360,800 | 6,110 | 3,539 | 73 |
| MI-456374 | 60.7 | Dec 30, 2023 | $320,300 | 5,273 | 4,017 | 61 |
| MI-859268 | 494.3 | May 30, 2024 | $915,800 | 1,853 | 4,213 | 60 |
| MI-889221 | 477.7 | Jan 7, 2025 | $1,296,200 | 2,713 | 2,825 | 58 |
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.