Comparable sales & offer analysis
Parcel IN-403016
Boone County, IN · 4.44 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$74,200
Adjusted value
$55,642
Value range
$43,810–$67,475
Comp $/acre
$12,532/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.4% versus the adjusted value.
Offer position
Max allowable offer
$31,796
Offer $/acre
$7,161/ac
Projected profit
$16,693
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 | 9,702 | 80 |
| IN-762779 | 3.7 | Mar 27, 2025 | $53,000 | 14,164 | 12,271 | 76 |
| IN-111686 | 1.7 | Jul 20, 2026 | $16,400 | 9,618 | 12,924 | 75 |
| IN-734213 | 10.6 | Jul 11, 2026 | $106,900 | 10,106 | 12,504 | 73 |
| IN-312711 | 3.6 | Oct 25, 2024 | $19,300 | 5,409 | 8,532 | 72 |
| IN-171538 | 1.5 | Feb 3, 2026 | $19,200 | 12,643 | 14,688 | 68 |
| IN-483531 | 6.5 | Feb 24, 2024 | $64,400 | 9,990 | 10,758 | 67 |
| IN-714183 | 10.3 | May 10, 2025 | $166,100 | 16,044 | 17,871 | 66 |
| IN-711615 | 1.6 | Jun 21, 2024 | $18,500 | 11,492 | 14,772 | 57 |
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.