Comparable sales & offer analysis
Parcel IN-312711
Boone County, IN · 3.56 ac · Unzoned · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$23,200
Adjusted value
$33,584
Value range
$26,965–$40,204
Comp $/acre
$9,434/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -30.9% versus the adjusted value.
Offer position
Max allowable offer
$19,191
Offer $/acre
$5,391/ac
Projected profit
$10,075
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 |
|---|---|---|---|---|---|---|
| IN-982501 | 3.1 | Apr 23, 2026 | $25,100 | 8,202 | 6,653 | 81 |
| IN-111686 | 1.7 | Jul 20, 2026 | $16,400 | 9,618 | 8,861 | 74 |
| IN-762779 | 3.7 | Mar 27, 2025 | $53,000 | 14,164 | 8,413 | 74 |
| IN-734213 | 10.6 | Jul 11, 2026 | $106,900 | 10,106 | 8,573 | 72 |
| IN-403016 | 4.4 | Jul 4, 2024 | $74,900 | 16,879 | 12,667 | 72 |
| IN-171538 | 1.5 | Feb 3, 2026 | $19,200 | 12,643 | 10,071 | 69 |
| IN-483531 | 6.5 | Feb 24, 2024 | $64,400 | 9,990 | 7,376 | 67 |
| IN-731212 | 1.2 | Jul 6, 2025 | $17,700 | 14,775 | 10,328 | 65 |
| IN-711615 | 1.6 | Jun 21, 2024 | $18,500 | 11,492 | 10,128 | 60 |
| IN-714183 | 10.3 | May 10, 2025 | $166,100 | 16,044 | 12,254 | 60 |
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.