Comparable sales & offer analysis
Parcel MI-408455
Schoolcraft County, MI · 274 ac · Unzoned · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$493,100
Adjusted value
$500,417
Value range
$412,024–$588,811
Comp $/acre
$1,824/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.5% versus the adjusted value.
Offer position
Max allowable offer
$285,953
Offer $/acre
$1,043/ac
Projected profit
$150,125
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-268279 | 241.4 | Jul 27, 2026 | $458,400 | 1,899 | 2,094 | 86 |
| MI-718274 | 240.6 | May 5, 2026 | $419,900 | 1,745 | 2,086 | 80 |
| MI-629495 | 582.6 | Jul 27, 2026 | $381,700 | 655 | 1,185 | 79 |
| MI-668548 | 293.4 | Jan 15, 2024 | $853,800 | 2,910 | 1,905 | 72 |
| MI-537869 | 179.4 | Jun 29, 2025 | $248,800 | 1,387 | 1,860 | 71 |
| MI-697311 | 119.8 | Apr 26, 2026 | $277,000 | 2,313 | 1,833 | 71 |
| MI-256974 | 93.8 | Jul 27, 2026 | $411,400 | 4,385 | 2,330 | 69 |
| MI-117673 | 155.7 | Mar 19, 2025 | $224,300 | 1,441 | 1,598 | 67 |
| MI-187230 | 112.9 | Aug 4, 2025 | $175,000 | 1,550 | 1,448 | 64 |
| MI-857054 | 99.4 | May 21, 2025 | $397,300 | 3,997 | 1,853 | 59 |
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.