Comparable sales & offer analysis
Parcel MI-344546
Ontonagon County, MI · 16.16 ac · Residential · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$62,200
Adjusted value
$42,457
Value range
$34,042–$50,872
Comp $/acre
$2,627/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +46.5% versus the adjusted value.
Offer position
Max allowable offer
$24,261
Offer $/acre
$1,501/ac
Projected profit
$12,737
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-914216 | 12.7 | Jul 27, 2026 | $32,200 | 2,531 | 2,517 | 82 |
| MI-714730 | 18.5 | Oct 24, 2025 | $56,400 | 3,056 | 3,227 | 82 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,379 | 75 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 2,876 | 71 |
| MI-394293 | 13.4 | Feb 27, 2025 | $34,300 | 2,550 | 3,141 | 71 |
| MI-783276 | 6.4 | Mar 12, 2026 | $12,900 | 2,010 | 1,907 | 68 |
| MI-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 3,535 | 67 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 2,136 | 65 |
| MI-295207 | 26.1 | Mar 7, 2024 | $51,200 | 1,964 | 2,343 | 64 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 2,030 | 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.