Comparable sales & offer analysis
Parcel MI-479175
Luce County, MI · 462 ac · Agricultural · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$872,200
Adjusted value
$731,332
Value range
$526,559–$936,105
Comp $/acre
$1,583/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +19.3% versus the adjusted value.
Offer position
Max allowable offer
$417,904
Offer $/acre
$904/ac
Projected profit
$219,400
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-679236 | 483.0 | Mar 11, 2026 | $345,200 | 715 | 1,064 | 85 |
| MI-787849 | 176.8 | Feb 5, 2026 | $422,000 | 2,387 | 1,858 | 68 |
| MI-536345 | 59.5 | Jul 27, 2026 | $160,100 | 2,691 | 1,069 | 65 |
| MI-558261 | 238.3 | Sep 6, 2024 | $1,000,500 | 4,198 | 2,166 | 62 |
| MI-307976 | 193.9 | Dec 3, 2023 | $556,200 | 2,869 | 1,973 | 57 |
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.