Comparable sales & offer analysis
Parcel MI-679236
Luce County, MI · 483 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$374,400
Adjusted value
$609,733
Value range
$475,634–$743,833
Comp $/acre
$1,262/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -38.6% versus the adjusted value.
Offer position
Max allowable offer
$348,419
Offer $/acre
$721/ac
Projected profit
$182,920
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-479175 | 462.1 | Aug 12, 2024 | $912,300 | 1,974 | 1,472 | 78 |
| MI-787849 | 176.8 | Feb 5, 2026 | $422,000 | 2,387 | 1,271 | 73 |
| MI-536345 | 59.5 | Jul 27, 2026 | $160,100 | 2,691 | 731 | 68 |
| MI-558261 | 238.3 | Sep 6, 2024 | $1,000,500 | 4,198 | 1,482 | 65 |
| MI-307976 | 193.9 | Dec 3, 2023 | $556,200 | 2,869 | 1,350 | 56 |
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.