Comparable sales & offer analysis
Parcel MI-625576
Newaygo County, MI · 34.07 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$173,600
Adjusted value
$202,054
Value range
$167,965–$236,143
Comp $/acre
$5,931/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.1% versus the adjusted value.
Offer position
Max allowable offer
$115,460
Offer $/acre
$3,389/ac
Projected profit
$60,616
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-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 5,753 | 82 |
| MI-955393 | 29.8 | Mar 15, 2024 | $203,400 | 6,817 | 7,385 | 73 |
| MI-305205 | 26.0 | Mar 16, 2025 | $77,300 | 2,968 | 6,394 | 71 |
| MI-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 5,960 | 70 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 3,970 | 64 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 5,906 | 58 |
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.