Comparable sales & offer analysis
Parcel MI-456374
Lenawee County, MI · 60.74 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$306,200
Adjusted value
$339,075
Value range
$297,735–$380,414
Comp $/acre
$5,582/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -9.7% versus the adjusted value.
Offer position
Max allowable offer
$193,757
Offer $/acre
$3,190/ac
Projected profit
$101,722
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 | 5,187 | 86 |
| MI-217143 | 106.0 | Jul 27, 2026 | $582,600 | 5,494 | 6,284 | 73 |
| MI-694527 | 15.9 | Jul 27, 2026 | $94,600 | 5,933 | 4,583 | 64 |
| MI-297597 | 147.3 | Sep 23, 2024 | $534,300 | 3,627 | 5,738 | 63 |
| MI-134638 | 17.3 | Feb 12, 2025 | $67,500 | 3,911 | 4,642 | 61 |
| MI-984441 | 15.0 | Apr 18, 2025 | $104,100 | 6,951 | 5,616 | 60 |
| MI-914642 | 17.3 | Jan 20, 2025 | $87,900 | 5,078 | 6,496 | 59 |
| MI-524093 | 11.6 | Sep 27, 2025 | $108,800 | 9,350 | 6,228 | 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.