Comparable sales & offer analysis
Parcel MI-978140
Newaygo County, MI · 218 ac · Unzoned · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$423,300
Adjusted value
$485,760
Value range
$386,585–$584,934
Comp $/acre
$2,225/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.9% versus the adjusted value.
Offer position
Max allowable offer
$277,577
Offer $/acre
$1,271/ac
Projected profit
$145,728
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 | 1,871 | 88 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 2,729 | 84 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 1,666 | 79 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 1,696 | 79 |
| MI-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 2,141 | 79 |
| MI-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 2,609 | 76 |
| MI-699111 | 441.1 | Jan 1, 2025 | $709,200 | 1,608 | 1,961 | 68 |
| MI-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 2,488 | 67 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 2,123 | 66 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 3,132 | 66 |
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.