Comparable sales & offer analysis
Parcel IN-764974
Elkhart County, IN · 18.36 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$111,400
Adjusted value
$173,171
Value range
$131,488–$214,854
Comp $/acre
$9,432/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -35.7% versus the adjusted value.
Offer position
Max allowable offer
$98,955
Offer $/acre
$5,390/ac
Projected profit
$51,951
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-255222 | 22.0 | Dec 17, 2025 | $213,600 | 9,723 | 10,282 | 78 |
| IN-144640 | 14.4 | Apr 14, 2025 | $156,200 | 10,840 | 11,200 | 78 |
| IN-544328 | 11.5 | Jul 25, 2024 | $157,400 | 13,687 | 14,233 | 73 |
| IN-596098 | 41.5 | Jul 27, 2026 | $142,600 | 3,440 | 6,796 | 71 |
| IN-884187 | 10.4 | Oct 28, 2024 | $78,200 | 7,536 | 7,690 | 70 |
| IN-943280 | 5.4 | Jul 27, 2026 | $28,400 | 5,286 | 6,594 | 70 |
| IN-765483 | 26.6 | Nov 22, 2024 | $214,800 | 8,092 | 10,791 | 68 |
| IN-523663 | 7.1 | Feb 10, 2025 | $67,600 | 9,518 | 7,922 | 60 |
| IN-996657 | 62.1 | Jul 5, 2024 | $475,600 | 7,654 | 8,725 | 59 |
| IN-953293 | 5.4 | Feb 18, 2025 | $38,100 | 7,016 | 9,280 | 59 |
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.