Comparable sales & offer analysis
Parcel MI-978140
Newaygo County, MI · 218 ac · Unzoned · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$423,300
Adjusted value
$488,503
Value range
$388,764–$588,242
Comp $/acre
$2,238/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -13.3% versus the adjusted value.
Offer position
Max allowable offer
$279,145
Offer $/acre
$1,279/ac
Projected profit
$146,551
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-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 1,881 | 86 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 2,744 | 82 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 1,675 | 78 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 1,706 | 78 |
| MI-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 2,153 | 77 |
| MI-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 2,623 | 74 |
| MI-699111 | 441.1 | Jan 1, 2025 | $709,200 | 1,608 | 1,971 | 68 |
| MI-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 2,501 | 67 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 2,134 | 66 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 3,148 | 65 |
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.