Comparable sales & offer analysis
Parcel MI-521632
Newaygo County, MI · 1.96 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$8,400
Adjusted value
$10,369
Value range
$8,940–$11,798
Comp $/acre
$5,290/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -19.0% versus the adjusted value.
Offer position
Max allowable offer
$5,925
Offer $/acre
$3,023/ac
Projected profit
$3,111
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-651303 | 1.5 | Jul 27, 2026 | $8,000 | 5,174 | 5,253 | 81 |
| MI-583132 | 5.8 | Jul 27, 2026 | $36,200 | 6,240 | 6,521 | 77 |
| MI-420938 | 1.2 | Jul 24, 2025 | $5,100 | 4,335 | 5,314 | 75 |
| MI-253344 | 6.8 | May 21, 2026 | $33,700 | 4,978 | 4,547 | 71 |
| MI-520712 | 1.0 | May 24, 2025 | $6,900 | 6,861 | 4,291 | 65 |
| MI-942911 | 4.9 | Dec 25, 2025 | $25,400 | 5,149 | 5,670 | 65 |
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.