Comparable sales & offer analysis
Parcel MI-936181
Newaygo County, MI · 52.82 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$181,200
Adjusted value
$202,105
Value range
$169,979–$234,230
Comp $/acre
$3,826/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.3% versus the adjusted value.
Offer position
Max allowable offer
$115,488
Offer $/acre
$2,186/ac
Projected profit
$60,631
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-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 3,825 | 73 |
| MI-625576 | 34.1 | Nov 12, 2024 | $181,100 | 5,314 | 3,682 | 72 |
| MI-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 3,342 | 69 |
| MI-955393 | 29.8 | Mar 15, 2024 | $203,400 | 6,817 | 4,739 | 68 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 3,790 | 65 |
| MI-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 4,443 | 64 |
| MI-305205 | 26.0 | Mar 16, 2025 | $77,300 | 2,968 | 4,103 | 63 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 2,548 | 57 |
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.