Comparable sales & offer analysis
Parcel MI-420938
Newaygo County, MI · 1.18 ac · Mixed Use · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,100
Adjusted value
$5,168
Value range
$4,224–$6,112
Comp $/acre
$4,380/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.3% versus the adjusted value.
Offer position
Max allowable offer
$2,953
Offer $/acre
$2,503/ac
Projected profit
$1,550
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-651303 | 1.5 | Jul 27, 2026 | $8,000 | 5,174 | 4,501 | 80 |
| MI-520712 | 1.0 | May 24, 2025 | $6,900 | 6,861 | 3,676 | 75 |
| MI-521632 | 2.0 | May 15, 2025 | $7,300 | 3,741 | 3,392 | 74 |
| MI-583132 | 5.8 | Jul 27, 2026 | $36,200 | 6,240 | 5,587 | 73 |
| MI-942911 | 4.9 | Dec 25, 2025 | $25,400 | 5,149 | 4,858 | 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.