Comparable sales & offer analysis
Parcel MI-159659
Newaygo County, MI · 656 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,278,900
Adjusted value
$1,386,208
Value range
$1,097,240–$1,675,176
Comp $/acre
$2,113/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -7.7% versus the adjusted value.
Offer position
Max allowable offer
$792,119
Offer $/acre
$1,207/ac
Projected profit
$415,862
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-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 2,369 | 83 |
| MI-219608 | 632.3 | Jan 30, 2026 | $2,092,500 | 3,309 | 2,344 | 83 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 1,540 | 80 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 2,478 | 73 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 1,512 | 67 |
| MI-699111 | 441.1 | Jan 1, 2025 | $709,200 | 1,608 | 1,780 | 67 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 2,843 | 62 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 2,047 | 56 |
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.