Comparable sales & offer analysis
Parcel MI-697311
Schoolcraft County, MI · 120 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$318,800
Adjusted value
$282,645
Value range
$233,793–$331,497
Comp $/acre
$2,360/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +12.8% versus the adjusted value.
Offer position
Max allowable offer
$161,511
Offer $/acre
$1,349/ac
Projected profit
$84,794
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-256974 | 93.8 | Jul 27, 2026 | $411,400 | 4,385 | 2,979 | 81 |
| MI-268279 | 241.4 | Jul 27, 2026 | $458,400 | 1,899 | 2,677 | 79 |
| MI-286776 | 81.3 | Oct 11, 2024 | $305,100 | 3,754 | 2,650 | 75 |
| MI-187230 | 112.9 | Aug 4, 2025 | $175,000 | 1,550 | 1,852 | 74 |
| MI-117673 | 155.7 | Mar 19, 2025 | $224,300 | 1,441 | 2,044 | 74 |
| MI-408455 | 274.3 | Jul 4, 2026 | $481,300 | 1,755 | 2,267 | 74 |
| MI-537869 | 179.4 | Jun 29, 2025 | $248,800 | 1,387 | 2,378 | 72 |
| MI-857054 | 99.4 | May 21, 2025 | $397,300 | 3,997 | 2,369 | 70 |
| MI-718274 | 240.6 | May 5, 2026 | $419,900 | 1,745 | 2,668 | 70 |
| MI-615814 | 40.5 | Jan 16, 2025 | $87,300 | 2,156 | 1,535 | 63 |
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.