Comparable sales & offer analysis
Parcel MI-746909
Newaygo County, MI · 89.50 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$223,500
Adjusted value
$246,172
Value range
$206,887–$285,456
Comp $/acre
$2,751/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -9.2% versus the adjusted value.
Offer position
Max allowable offer
$140,670
Offer $/acre
$1,572/ac
Projected profit
$73,852
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-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 2,706 | 88 |
| MI-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 2,364 | 78 |
| MI-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 2,612 | 78 |
| MI-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 3,144 | 74 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 2,144 | 72 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 3,449 | 71 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 2,105 | 69 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 2,851 | 66 |
| MI-305205 | 26.0 | Mar 16, 2025 | $77,300 | 2,968 | 2,904 | 65 |
| MI-955393 | 29.8 | Mar 15, 2024 | $203,400 | 6,817 | 3,355 | 62 |
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.