Comparable sales & offer analysis
Parcel IN-987543
Daviess County, IN · 118 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,172,000
Adjusted value
$1,782,862
Value range
$1,449,605–$2,116,119
Comp $/acre
$15,101/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -34.3% versus the adjusted value.
Offer position
Max allowable offer
$1,018,778
Offer $/acre
$8,629/ac
Projected profit
$534,859
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-787270 | 96.9 | Feb 27, 2026 | $935,000 | 9,652 | 18,546 | 79 |
| IN-427543 | 118.1 | Aug 4, 2025 | $723,800 | 6,131 | 16,017 | 79 |
| IN-597374 | 104.5 | May 12, 2024 | $811,600 | 7,770 | 11,901 | 76 |
| IN-707043 | 82.2 | Feb 12, 2025 | $1,078,800 | 13,127 | 18,427 | 73 |
| IN-638869 | 308.5 | Jul 27, 2026 | $1,811,500 | 5,872 | 13,059 | 71 |
| IN-139244 | 404.8 | Jan 29, 2026 | $1,968,400 | 4,863 | 11,956 | 64 |
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.