Comparable sales & offer analysis
Parcel MI-787849
Luce County, MI · 177 ac · Unzoned · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$453,800
Adjusted value
$389,935
Value range
$280,753–$499,117
Comp $/acre
$2,205/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +16.4% versus the adjusted value.
Offer position
Max allowable offer
$222,820
Offer $/acre
$1,260/ac
Projected profit
$116,981
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-307976 | 193.9 | Dec 3, 2023 | $556,200 | 2,869 | 2,604 | 76 |
| MI-679236 | 483.0 | Mar 11, 2026 | $345,200 | 715 | 1,404 | 72 |
| MI-536345 | 59.5 | Jul 27, 2026 | $160,100 | 2,691 | 1,410 | 71 |
| MI-558261 | 238.3 | Sep 6, 2024 | $1,000,500 | 4,198 | 2,858 | 70 |
| MI-479175 | 462.1 | Aug 12, 2024 | $912,300 | 1,974 | 2,840 | 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.