Comparable sales & offer analysis
Parcel IN-478258
Elkhart County, IN · 198 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$526,500
Adjusted value
$718,556
Value range
$627,965–$809,147
Comp $/acre
$3,626/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.7% versus the adjusted value.
Offer position
Max allowable offer
$410,603
Offer $/acre
$2,072/ac
Projected profit
$215,567
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-658439 | 225.9 | Mar 18, 2026 | $737,300 | 3,263 | 4,074 | 89 |
| IN-108284 | 201.9 | Jul 27, 2026 | $900,000 | 4,457 | 2,926 | 88 |
| IN-577749 | 137.1 | Jan 2, 2026 | $923,200 | 6,736 | 3,624 | 78 |
| IN-268438 | 225.8 | Jul 18, 2024 | $595,000 | 2,636 | 3,515 | 77 |
| IN-628176 | 186.7 | Sep 9, 2024 | $874,100 | 4,681 | 2,884 | 75 |
| IN-137011 | 80.3 | Dec 2, 2025 | $498,000 | 6,201 | 4,022 | 69 |
| IN-366806 | 69.2 | Jul 27, 2026 | $681,900 | 9,851 | 4,383 | 69 |
| IN-466849 | 71.4 | Jun 3, 2026 | $420,300 | 5,886 | 3,684 | 68 |
| IN-309396 | 451.9 | Dec 10, 2025 | $1,869,100 | 4,136 | 3,684 | 65 |
| IN-996657 | 62.1 | Jul 5, 2024 | $475,600 | 7,654 | 3,611 | 61 |
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.