Comparable sales & offer analysis
Parcel MI-652500
Luce County, MI · 3.67 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,500
Adjusted value
$14,981
Value range
$12,693–$17,269
Comp $/acre
$4,082/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.2% versus the adjusted value.
Offer position
Max allowable offer
$8,561
Offer $/acre
$2,333/ac
Projected profit
$4,494
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 | 3,959 | 83 |
| MI-871752 | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 3,724 | 80 |
| MI-221574 | 1.9 | Jun 28, 2026 | $11,200 | 5,942 | 5,003 | 77 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 3,063 | 75 |
| MI-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 3,818 | 74 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 4,479 | 71 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 5,227 | 71 |
| MI-871598 | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 3,901 | 69 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 3,593 | 66 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 4,056 | 61 |
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.