Comparable sales & offer analysis
Parcel MI-340210
Ontonagon County, MI · 0.70 ac · Residential · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$2,200
Adjusted value
$2,456
Value range
$1,792–$3,120
Comp $/acre
$3,509/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.4% versus the adjusted value.
Offer position
Max allowable offer
$1,403
Offer $/acre
$2,005/ac
Projected profit
$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-260378 | 0.8 | Jul 27, 2026 | $4,000 | 5,109 | 4,885 | 87 |
| MI-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 2,633 | 76 |
| MI-130351 | 0.8 | Feb 9, 2025 | $2,500 | 3,218 | 4,685 | 76 |
| MI-360467 | 0.8 | May 23, 2025 | $1,600 | 1,893 | 3,450 | 75 |
| MI-510621 | 0.9 | Feb 12, 2025 | $2,000 | 2,170 | 2,313 | 73 |
| MI-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 2,747 | 72 |
| MI-980890 | 1.1 | Jan 19, 2025 | $3,100 | 2,762 | 3,565 | 70 |
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.