Comparable sales & offer analysis
Parcel MI-488021
Newaygo County, MI · 200 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$581,200
Adjusted value
$709,281
Value range
$579,955–$838,608
Comp $/acre
$3,541/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.1% versus the adjusted value.
Offer position
Max allowable offer
$405,304
Offer $/acre
$2,024/ac
Projected profit
$212,784
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-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 4,147 | 89 |
| MI-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 2,843 | 86 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 2,578 | 84 |
| MI-777208 | 111.1 | Jul 27, 2026 | $418,400 | 3,765 | 3,254 | 73 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 3,426 | 72 |
| MI-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 3,964 | 71 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 4,757 | 68 |
| MI-637454 | 132.8 | Oct 14, 2024 | $516,400 | 3,888 | 3,779 | 65 |
| MI-219608 | 632.3 | Jan 30, 2026 | $2,092,500 | 3,309 | 3,923 | 64 |
| MI-699111 | 441.1 | Jan 1, 2025 | $709,200 | 1,608 | 2,978 | 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.