Comparable sales & offer analysis
Parcel MI-777208
Newaygo County, MI · 111 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$392,500
Adjusted value
$431,160
Value range
$348,364–$513,955
Comp $/acre
$3,879/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -9.0% versus the adjusted value.
Offer position
Max allowable offer
$246,377
Offer $/acre
$2,217/ac
Projected profit
$129,348
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-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 4,407 | 78 |
| MI-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 3,315 | 76 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 3,760 | 75 |
| MI-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 3,663 | 73 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 3,006 | 72 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 4,836 | 71 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 2,951 | 68 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 3,995 | 66 |
| MI-625576 | 34.1 | Nov 12, 2024 | $181,100 | 5,314 | 3,652 | 60 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 5,547 | 55 |
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.