Comparable sales & offer analysis
Parcel MI-394293
Ontonagon County, MI · 13.45 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$38,500
Adjusted value
$32,642
Value range
$24,691–$40,593
Comp $/acre
$2,427/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.9% versus the adjusted value.
Offer position
Max allowable offer
$18,652
Offer $/acre
$1,387/ac
Projected profit
$9,793
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-914216 | 12.7 | Jul 27, 2026 | $32,200 | 2,531 | 2,169 | 87 |
| MI-714730 | 18.5 | Oct 24, 2025 | $56,400 | 3,056 | 2,781 | 79 |
| MI-344546 | 16.2 | Apr 10, 2026 | $64,100 | 3,968 | 3,489 | 78 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,050 | 76 |
| MI-783276 | 6.4 | Mar 12, 2026 | $12,900 | 2,010 | 1,644 | 74 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 2,479 | 73 |
| MI-683102 | 5.7 | Mar 19, 2025 | $19,700 | 3,469 | 2,932 | 71 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 1,749 | 68 |
| MI-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 3,047 | 67 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 1,841 | 65 |
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.