Comparable sales & offer analysis
Parcel MI-817631
Ontonagon County, MI · 151 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$189,500
Adjusted value
$237,087
Value range
$194,211–$279,963
Comp $/acre
$1,570/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -20.1% versus the adjusted value.
Offer position
Max allowable offer
$135,478
Offer $/acre
$897/ac
Projected profit
$71,126
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-468685 | 324.0 | Jun 19, 2026 | $913,900 | 2,820 | 2,028 | 75 |
| MI-507230 | 112.9 | Aug 15, 2024 | $236,300 | 2,092 | 1,430 | 73 |
| MI-458542 | 292.1 | Aug 26, 2025 | $538,700 | 1,844 | 1,569 | 70 |
| MI-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 1,640 | 69 |
| MI-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 1,795 | 64 |
| MI-316819 | 83.8 | Feb 4, 2025 | $154,500 | 1,843 | 1,353 | 62 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 1,085 | 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.