Comparable sales & offer analysis
Parcel MI-394293
Ontonagon County, MI · 13.45 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$38,500
Adjusted value
$32,826
Value range
$24,834–$40,817
Comp $/acre
$2,441/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.3% versus the adjusted value.
Offer position
Max allowable offer
$18,757
Offer $/acre
$1,395/ac
Projected profit
$9,848
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 | 2,182 | 86 |
| MI-714730 | 18.5 | Oct 24, 2025 | $56,400 | 3,056 | 2,796 | 78 |
| MI-344546 | 16.2 | Apr 10, 2026 | $64,100 | 3,968 | 3,509 | 77 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,062 | 74 |
| MI-783276 | 6.4 | Mar 12, 2026 | $12,900 | 2,010 | 1,653 | 73 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 2,493 | 72 |
| MI-683102 | 5.7 | Mar 19, 2025 | $19,700 | 3,469 | 2,948 | 71 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 1,759 | 67 |
| MI-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 3,064 | 66 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 1,851 | 64 |
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.