Comparable sales & offer analysis
Parcel MI-202106
Luce County, MI · 2.76 ac · Residential · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$15,300
Adjusted value
$10,802
Value range
$9,212–$12,393
Comp $/acre
$3,914/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +41.6% versus the adjusted value.
Offer position
Max allowable offer
$6,173
Offer $/acre
$2,236/ac
Projected profit
$3,241
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-871752 | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 3,801 | 87 |
| MI-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 3,384 | 79 |
| MI-221574 | 1.9 | Jun 28, 2026 | $11,200 | 5,942 | 5,107 | 77 |
| MI-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 4,041 | 75 |
| MI-871598 | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 3,981 | 74 |
| MI-291167 | 1.4 | Oct 27, 2023 | $4,400 | 3,174 | 3,518 | 68 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 3,126 | 65 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 3,667 | 62 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 4,572 | 59 |
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.