Comparable sales & offer analysis
Parcel IN-366514
Boone County, IN · 56.02 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$542,400
Adjusted value
$461,132
Value range
$360,595–$561,669
Comp $/acre
$8,232/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.6% versus the adjusted value.
Offer position
Max allowable offer
$263,504
Offer $/acre
$4,704/ac
Projected profit
$138,340
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-455949 | 37.2 | Jul 27, 2026 | $255,300 | 6,860 | 9,344 | 80 |
| IN-235928 | 36.6 | Feb 24, 2026 | $379,900 | 10,368 | 9,744 | 79 |
| IN-805101 | 20.1 | Jul 27, 2026 | $186,300 | 9,253 | 6,632 | 77 |
| IN-995656 | 30.1 | Jul 27, 2026 | $441,900 | 14,685 | 9,142 | 76 |
| IN-336868 | 72.4 | Aug 17, 2025 | $275,400 | 3,803 | 5,237 | 75 |
| IN-917963 | 160.0 | Jul 27, 2026 | $1,172,700 | 7,328 | 11,005 | 74 |
| IN-575862 | 34.9 | Nov 4, 2024 | $241,200 | 6,906 | 6,705 | 67 |
| IN-107836 | 146.0 | Jul 25, 2025 | $861,400 | 5,901 | 6,588 | 67 |
| IN-527479 | 112.7 | May 30, 2024 | $595,400 | 5,282 | 9,983 | 67 |
| IN-557612 | 124.1 | Feb 19, 2024 | $839,200 | 6,762 | 7,651 | 65 |
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.