Comparable sales & offer analysis
Parcel MI-360467
Ontonagon County, MI · 0.84 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,900
Adjusted value
$1,723
Value range
$1,264–$2,183
Comp $/acre
$2,052/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +10.2% versus the adjusted value.
Offer position
Max allowable offer
$985
Offer $/acre
$1,172/ac
Projected profit
$517
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-260378 | 0.8 | Jul 27, 2026 | $4,000 | 5,109 | 2,819 | 86 |
| MI-340210 | 0.7 | Jul 27, 2026 | $1,900 | 2,681 | 1,551 | 84 |
| MI-130351 | 0.8 | Feb 9, 2025 | $2,500 | 3,218 | 2,704 | 80 |
| MI-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 1,519 | 71 |
| MI-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 1,586 | 70 |
| MI-510621 | 0.9 | Feb 12, 2025 | $2,000 | 2,170 | 1,335 | 70 |
| MI-980890 | 1.1 | Jan 19, 2025 | $3,100 | 2,762 | 2,058 | 69 |
| MI-362138 | 2.8 | Jan 2, 2025 | $9,500 | 3,380 | 2,566 | 63 |
| MI-312136 | 2.8 | Sep 26, 2025 | $10,300 | 3,657 | 2,237 | 62 |
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.