Comparable sales & offer analysis
Parcel MI-624530
Newaygo County, MI · 15.97 ac · Unzoned · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$49,200
Adjusted value
$73,734
Value range
$62,356–$85,112
Comp $/acre
$4,617/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -33.3% versus the adjusted value.
Offer position
Max allowable offer
$42,134
Offer $/acre
$2,638/ac
Projected profit
$22,120
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-305205 | 26.0 | Mar 16, 2025 | $77,300 | 2,968 | 4,835 | 70 |
| MI-583132 | 5.8 | Jul 27, 2026 | $36,200 | 6,240 | 5,600 | 69 |
| MI-942911 | 4.9 | Dec 25, 2025 | $25,400 | 5,149 | 4,869 | 68 |
| MI-253344 | 6.8 | May 21, 2026 | $33,700 | 4,978 | 3,904 | 68 |
| MI-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 4,351 | 67 |
| MI-625576 | 34.1 | Nov 12, 2024 | $181,100 | 5,314 | 4,338 | 64 |
| MI-663626 | 8.3 | Jul 31, 2024 | $40,400 | 4,872 | 3,411 | 64 |
| MI-955393 | 29.8 | Mar 15, 2024 | $203,400 | 6,817 | 5,585 | 63 |
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.