Comparable sales & offer analysis
Parcel MI-243570
Luce County, MI · 7.97 ac · Agricultural · Paved · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$45,100
Adjusted value
$51,342
Value range
$42,978–$59,707
Comp $/acre
$6,442/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.2% versus the adjusted value.
Offer position
Max allowable offer
$29,338
Offer $/acre
$3,681/ac
Projected profit
$15,403
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-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 6,188 | 80 |
| MI-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 6,417 | 79 |
| MI-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 5,374 | 77 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 7,261 | 75 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 4,966 | 67 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 6,577 | 66 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 8,474 | 65 |
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.