Comparable sales & offer analysis
Parcel MI-262896
Luce County, MI · 4.89 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$13,200
Adjusted value
$19,774
Value range
$16,972–$22,575
Comp $/acre
$4,044/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -33.2% versus the adjusted value.
Offer position
Max allowable offer
$11,299
Offer $/acre
$2,311/ac
Projected profit
$5,932
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-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 3,914 | 90 |
| MI-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 3,278 | 85 |
| MI-871752 | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 3,682 | 73 |
| MI-221574 | 1.9 | Jun 28, 2026 | $11,200 | 5,942 | 4,947 | 73 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 4,428 | 72 |
| MI-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 3,775 | 70 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 5,168 | 68 |
| MI-871598 | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 3,857 | 67 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 3,552 | 67 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 4,010 | 66 |
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.