Comparable sales & offer analysis
Parcel MI-305205
Newaygo County, MI · 26.04 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Oct 3, 2026
Valuation summary
Asking price
$74,900
Adjusted value
$72,104
Value range
$57,919–$86,288
Comp $/acre
$2,769/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.9% versus the adjusted value.
Offer position
Max allowable offer
$41,202
Offer $/acre
$1,582/ac
Projected profit
$21,631
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-955393 | 29.8 | Mar 15, 2024 | $203,400 | 6,817 | 3,652 | 72 |
| MI-936181 | 52.8 | Jul 27, 2026 | $193,500 | 3,664 | 2,845 | 72 |
| MI-625576 | 34.1 | Nov 12, 2024 | $181,100 | 5,314 | 2,837 | 70 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 1,963 | 68 |
| MI-746909 | 89.5 | Jul 18, 2024 | $220,800 | 2,467 | 2,920 | 63 |
| MI-663626 | 8.3 | Jul 31, 2024 | $40,400 | 4,872 | 2,230 | 53 |
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.