Comparable sales & offer analysis
Parcel MI-217143
Lenawee County, MI · 106 ac · Recreational · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$606,200
Adjusted value
$510,178
Value range
$414,491–$605,865
Comp $/acre
$4,812/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +18.8% versus the adjusted value.
Offer position
Max allowable offer
$291,530
Offer $/acre
$2,750/ac
Projected profit
$153,053
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-606335 | 59.0 | Jul 27, 2026 | $360,800 | 6,110 | 4,571 | 79 |
| MI-297597 | 147.3 | Sep 23, 2024 | $534,300 | 3,627 | 5,055 | 71 |
| MI-328986 | 403.0 | Jul 27, 2026 | $835,200 | 2,073 | 3,570 | 69 |
| MI-456374 | 60.7 | Dec 30, 2023 | $320,300 | 5,273 | 5,185 | 60 |
| MI-859268 | 494.3 | May 30, 2024 | $915,800 | 1,853 | 5,439 | 57 |
| MI-279367 | 531.0 | May 7, 2025 | $2,489,600 | 4,688 | 6,424 | 56 |
| MI-889221 | 477.7 | Jan 7, 2025 | $1,296,200 | 2,713 | 3,648 | 52 |
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.