Comparable sales & offer analysis
Parcel MI-942911
Newaygo County, MI · 4.94 ac · Residential · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$30,100
Adjusted value
$21,793
Value range
$16,986–$26,601
Comp $/acre
$4,412/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +38.1% versus the adjusted value.
Offer position
Max allowable offer
$12,453
Offer $/acre
$2,521/ac
Projected profit
$6,538
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-583132 | 5.8 | Jul 27, 2026 | $36,200 | 6,240 | 6,113 | 80 |
| MI-253344 | 6.8 | May 21, 2026 | $33,700 | 4,978 | 4,263 | 75 |
| MI-651303 | 1.5 | Jul 27, 2026 | $8,000 | 5,174 | 4,925 | 69 |
| MI-663626 | 8.3 | Jul 31, 2024 | $40,400 | 4,872 | 3,724 | 68 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 3,277 | 62 |
| MI-521632 | 2.0 | May 15, 2025 | $7,300 | 3,741 | 3,712 | 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.