Comparable sales & offer analysis
Parcel IN-765483
Elkhart County, IN · 26.55 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$231,500
Adjusted value
$213,700
Value range
$156,570–$270,830
Comp $/acre
$8,049/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.3% versus the adjusted value.
Offer position
Max allowable offer
$122,114
Offer $/acre
$4,599/ac
Projected profit
$64,110
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 | 8,313 | 77 |
| IN-596098 | 41.5 | Jul 27, 2026 | $142,600 | 3,440 | 5,495 | 77 |
| IN-764974 | 18.4 | May 6, 2026 | $118,500 | 6,456 | 5,310 | 76 |
| IN-366806 | 69.2 | Jul 27, 2026 | $681,900 | 9,851 | 8,561 | 71 |
| IN-466849 | 71.4 | Jun 3, 2026 | $420,300 | 5,886 | 7,196 | 70 |
| IN-144640 | 14.4 | Apr 14, 2025 | $156,200 | 10,840 | 9,055 | 65 |
| IN-137011 | 80.3 | Dec 2, 2025 | $498,000 | 6,201 | 7,857 | 65 |
| IN-646612 | 60.1 | Dec 7, 2024 | $498,900 | 8,295 | 12,055 | 65 |
| IN-884187 | 10.4 | Oct 28, 2024 | $78,200 | 7,536 | 6,218 | 62 |
| IN-544328 | 11.5 | Jul 25, 2024 | $157,400 | 13,687 | 11,507 | 60 |
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.