Comparable sales & offer analysis
Parcel MI-914216
Ontonagon County, MI · 12.72 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$37,000
Adjusted value
$36,073
Value range
$27,635–$44,510
Comp $/acre
$2,836/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.6% versus the adjusted value.
Offer position
Max allowable offer
$20,613
Offer $/acre
$1,621/ac
Projected profit
$10,822
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-344546 | 16.2 | Apr 10, 2026 | $64,100 | 3,968 | 4,102 | 80 |
| MI-394293 | 13.4 | Feb 27, 2025 | $34,300 | 2,550 | 3,182 | 76 |
| MI-714730 | 18.5 | Oct 24, 2025 | $56,400 | 3,056 | 3,269 | 75 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 2,914 | 73 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,411 | 71 |
| MI-783276 | 6.4 | Mar 12, 2026 | $12,900 | 2,010 | 1,932 | 71 |
| MI-662542 | 3.8 | Jul 27, 2026 | $11,500 | 3,037 | 2,414 | 70 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 2,056 | 65 |
| MI-295207 | 26.1 | Mar 7, 2024 | $51,200 | 1,964 | 2,374 | 63 |
| MI-683102 | 5.7 | Mar 19, 2025 | $19,700 | 3,469 | 3,446 | 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.