Comparable sales & offer analysis
Parcel IN-255222
Elkhart County, IN · 21.97 ac · Residential · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$205,800
Adjusted value
$198,288
Value range
$150,499–$246,077
Comp $/acre
$9,025/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.8% versus the adjusted value.
Offer position
Max allowable offer
$113,308
Offer $/acre
$5,157/ac
Projected profit
$59,486
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-764974 | 18.4 | May 6, 2026 | $118,500 | 6,456 | 6,382 | 82 |
| IN-596098 | 41.5 | Jul 27, 2026 | $142,600 | 3,440 | 6,605 | 77 |
| IN-366806 | 69.2 | Jul 27, 2026 | $681,900 | 9,851 | 10,291 | 76 |
| IN-144640 | 14.4 | Apr 14, 2025 | $156,200 | 10,840 | 10,888 | 75 |
| IN-765483 | 26.6 | Nov 22, 2024 | $214,800 | 8,092 | 10,491 | 72 |
| IN-466849 | 71.4 | Jun 3, 2026 | $420,300 | 5,886 | 8,649 | 72 |
| IN-884187 | 10.4 | Oct 28, 2024 | $78,200 | 7,536 | 7,477 | 70 |
| IN-544328 | 11.5 | Jul 25, 2024 | $157,400 | 13,687 | 13,837 | 66 |
| IN-996657 | 62.1 | Jul 5, 2024 | $475,600 | 7,654 | 8,483 | 64 |
| IN-523663 | 7.1 | Feb 10, 2025 | $67,600 | 9,518 | 7,701 | 62 |
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.