Comparable sales & offer analysis
Parcel MI-468685
Ontonagon County, MI · 324 ac · Residential · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$860,500
Adjusted value
$657,001
Value range
$585,689–$728,313
Comp $/acre
$2,028/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +31.0% versus the adjusted value.
Offer position
Max allowable offer
$375,429
Offer $/acre
$1,159/ac
Projected profit
$197,100
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-458542 | 292.1 | Aug 26, 2025 | $538,700 | 1,844 | 2,209 | 77 |
| MI-817631 | 151.0 | Jul 27, 2026 | $183,100 | 1,212 | 1,711 | 75 |
| MI-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 2,308 | 64 |
| MI-316819 | 83.8 | Feb 4, 2025 | $154,500 | 1,843 | 1,904 | 57 |
| MI-507230 | 112.9 | Aug 15, 2024 | $236,300 | 2,092 | 2,013 | 57 |
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.