Comparable sales & offer analysis
Parcel MI-510621
Ontonagon County, MI · 0.94 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,400
Adjusted value
$3,413
Value range
$2,621–$4,204
Comp $/acre
$3,630/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.7% versus the adjusted value.
Offer position
Max allowable offer
$1,950
Offer $/acre
$2,075/ac
Projected profit
$1,024
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-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 2,641 | 84 |
| MI-340210 | 0.7 | Jul 27, 2026 | $1,900 | 2,681 | 2,695 | 82 |
| MI-260378 | 0.8 | Jul 27, 2026 | $4,000 | 5,109 | 4,900 | 80 |
| MI-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 2,756 | 74 |
| MI-980890 | 1.1 | Jan 19, 2025 | $3,100 | 2,762 | 3,575 | 72 |
| MI-130351 | 0.8 | Feb 9, 2025 | $2,500 | 3,218 | 4,698 | 72 |
| MI-360467 | 0.8 | May 23, 2025 | $1,600 | 1,893 | 3,460 | 70 |
| MI-312136 | 2.8 | Sep 26, 2025 | $10,300 | 3,657 | 3,886 | 67 |
| MI-362138 | 2.8 | Jan 2, 2025 | $9,500 | 3,380 | 4,458 | 56 |
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.