Comparable sales & offer analysis
Parcel IN-268438
Elkhart County, IN · 226 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$556,100
Adjusted value
$649,159
Value range
$545,211–$753,106
Comp $/acre
$2,875/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.3% versus the adjusted value.
Offer position
Max allowable offer
$370,948
Offer $/acre
$1,643/ac
Projected profit
$194,748
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 | 3,320 | 92 |
| IN-108284 | 201.9 | Jul 27, 2026 | $900,000 | 4,457 | 2,385 | 87 |
| IN-478258 | 198.2 | Nov 9, 2025 | $513,300 | 2,590 | 2,191 | 83 |
| IN-466849 | 71.4 | Jun 3, 2026 | $420,300 | 5,886 | 3,002 | 73 |
| IN-577749 | 137.1 | Jan 2, 2026 | $923,200 | 6,736 | 2,954 | 70 |
| IN-628176 | 186.7 | Sep 9, 2024 | $874,100 | 4,681 | 2,351 | 70 |
| IN-309396 | 451.9 | Dec 10, 2025 | $1,869,100 | 4,136 | 3,002 | 68 |
| IN-366806 | 69.2 | Jul 27, 2026 | $681,900 | 9,851 | 3,572 | 66 |
| IN-137011 | 80.3 | Dec 2, 2025 | $498,000 | 6,201 | 3,278 | 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.