Comparable sales & offer analysis
Parcel MI-657908
Newaygo County, MI · 185 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$350,300
Adjusted value
$384,205
Value range
$311,041–$457,368
Comp $/acre
$2,082/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -8.8% versus the adjusted value.
Offer position
Max allowable offer
$219,545
Offer $/acre
$1,190/ac
Projected profit
$115,261
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-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 2,444 | 82 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 1,492 | 82 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 1,519 | 78 |
| MI-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 1,918 | 76 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 2,020 | 75 |
| MI-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 2,337 | 74 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 2,804 | 70 |
| MI-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 1,852 | 69 |
| MI-219608 | 632.3 | Jan 30, 2026 | $2,092,500 | 3,309 | 2,312 | 68 |
| MI-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 2,228 | 67 |
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.