Comparable sales & offer analysis
Parcel IN-309396
Elkhart County, IN · 452 ac · Unzoned · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,012,000
Adjusted value
$1,722,834
Value range
$1,463,797–$1,981,870
Comp $/acre
$3,812/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +16.8% versus the adjusted value.
Offer position
Max allowable offer
$984,476
Offer $/acre
$2,178/ac
Projected profit
$516,850
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-108284 | 201.9 | Jul 27, 2026 | $900,000 | 4,457 | 3,398 | 73 |
| IN-658439 | 225.9 | Mar 18, 2026 | $737,300 | 3,263 | 4,730 | 70 |
| IN-628176 | 186.7 | Sep 9, 2024 | $874,100 | 4,681 | 3,348 | 68 |
| IN-577749 | 137.1 | Jan 2, 2026 | $923,200 | 6,736 | 4,208 | 65 |
| IN-478258 | 198.2 | Nov 9, 2025 | $513,300 | 2,590 | 3,121 | 64 |
| IN-268438 | 225.8 | Jul 18, 2024 | $595,000 | 2,636 | 4,081 | 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.