Comparable sales & offer analysis
Parcel MI-800205
Luce County, MI · 0.70 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$3,000
Adjusted value
$2,949
Value range
$2,418–$3,480
Comp $/acre
$4,212/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.7% versus the adjusted value.
Offer position
Max allowable offer
$1,685
Offer $/acre
$2,407/ac
Projected profit
$885
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-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 3,415 | 71 |
| MI-221574 | 1.9 | Jun 28, 2026 | $11,200 | 5,942 | 5,154 | 70 |
| MI-871752 | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 3,836 | 68 |
| MI-871598 | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 4,018 | 65 |
| MI-291167 | 1.4 | Oct 27, 2023 | $4,400 | 3,174 | 3,550 | 59 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 5,384 | 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.