Comparable sales & offer analysis
Parcel MI-824597
Schoolcraft County, MI · 16.77 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$47,900
Adjusted value
$39,147
Value range
$33,558–$44,735
Comp $/acre
$2,334/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +22.4% versus the adjusted value.
Offer position
Max allowable offer
$22,369
Offer $/acre
$1,334/ac
Projected profit
$11,744
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-615556 | 33.6 | Jul 27, 2026 | $68,200 | 2,032 | 1,921 | 79 |
| MI-904744 | 18.6 | Apr 3, 2026 | $62,200 | 3,337 | 2,523 | 78 |
| MI-745153 | 25.1 | Mar 20, 2025 | $67,000 | 2,670 | 2,546 | 72 |
| MI-774008 | 10.9 | Nov 23, 2024 | $39,500 | 3,612 | 2,720 | 70 |
| MI-615814 | 40.5 | Jan 16, 2025 | $87,300 | 2,156 | 1,926 | 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.