Comparable sales & offer analysis
Parcel MI-980890
Ontonagon County, MI · 1.14 ac · Residential · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$3,400
Adjusted value
$3,283
Value range
$2,434–$4,132
Comp $/acre
$2,879/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.6% versus the adjusted value.
Offer position
Max allowable offer
$1,876
Offer $/acre
$1,645/ac
Projected profit
$985
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-340210 | 0.7 | Jul 27, 2026 | $1,900 | 2,681 | 2,231 | 79 |
| MI-260378 | 0.8 | Jul 27, 2026 | $4,000 | 5,109 | 4,056 | 79 |
| MI-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 2,186 | 78 |
| MI-510621 | 0.9 | Feb 12, 2025 | $2,000 | 2,170 | 1,920 | 72 |
| MI-360467 | 0.8 | May 23, 2025 | $1,600 | 1,893 | 2,864 | 70 |
| MI-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 2,281 | 69 |
| MI-130351 | 0.8 | Feb 9, 2025 | $2,500 | 3,218 | 3,889 | 68 |
| MI-662542 | 3.8 | Jul 27, 2026 | $11,500 | 3,037 | 2,607 | 67 |
| MI-312136 | 2.8 | Sep 26, 2025 | $10,300 | 3,657 | 3,218 | 66 |
| MI-362138 | 2.8 | Jan 2, 2025 | $9,500 | 3,380 | 3,691 | 64 |
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.