Comparable sales & offer analysis
Parcel MI-328986
Lenawee County, MI · 403 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$787,200
Adjusted value
$1,225,754
Value range
$1,004,830–$1,446,679
Comp $/acre
$3,042/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -35.8% versus the adjusted value.
Offer position
Max allowable offer
$700,431
Offer $/acre
$1,738/ac
Projected profit
$367,726
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-889221 | 477.7 | Jan 7, 2025 | $1,296,200 | 2,713 | 2,123 | 78 |
| MI-279367 | 531.0 | May 7, 2025 | $2,489,600 | 4,688 | 3,739 | 75 |
| MI-859268 | 494.3 | May 30, 2024 | $915,800 | 1,853 | 3,166 | 72 |
| MI-259760 | 706.0 | Jul 27, 2025 | $2,598,300 | 3,681 | 3,281 | 71 |
| MI-297597 | 147.3 | Sep 23, 2024 | $534,300 | 3,627 | 2,943 | 65 |
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.