Comparable sales & offer analysis
Parcel MI-838627
Newaygo County, MI · 311 ac · Mixed Use · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$819,000
Adjusted value
$650,379
Value range
$537,986–$762,773
Comp $/acre
$2,093/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +25.9% versus the adjusted value.
Offer position
Max allowable offer
$371,645
Offer $/acre
$1,196/ac
Projected profit
$195,114
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-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 1,648 | 89 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 2,651 | 85 |
| MI-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 1,818 | 84 |
| MI-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 2,535 | 78 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 1,618 | 77 |
| MI-699111 | 441.1 | Jan 1, 2025 | $709,200 | 1,608 | 1,905 | 74 |
| MI-219608 | 632.3 | Jan 30, 2026 | $2,092,500 | 3,309 | 2,509 | 72 |
| MI-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 2,080 | 69 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 2,192 | 67 |
| MI-159659 | 656.1 | Jun 2, 2024 | $1,129,300 | 1,721 | 2,023 | 63 |
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.