Comparable sales & offer analysis
Parcel MI-955393
Newaygo County, MI · 29.84 ac · Agricultural · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$195,400
Adjusted value
$170,429
Value range
$146,032–$194,826
Comp $/acre
$5,711/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +14.7% versus the adjusted value.
Offer position
Max allowable offer
$97,388
Offer $/acre
$3,264/ac
Projected profit
$51,129
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-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 5,880 | 80 |
| MI-305205 | 26.0 | Mar 16, 2025 | $77,300 | 2,968 | 6,535 | 75 |
| MI-625576 | 34.1 | Nov 12, 2024 | $181,100 | 5,314 | 5,863 | 75 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 4,057 | 65 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 6,036 | 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.