Comparable sales & offer analysis
Parcel IN-405252
Gibson County, IN · 22.46 ac · Residential · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$405,800
Adjusted value
$283,624
Value range
$221,890–$345,357
Comp $/acre
$12,628/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +43.1% versus the adjusted value.
Offer position
Max allowable offer
$162,071
Offer $/acre
$7,216/ac
Projected profit
$85,087
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-605092 | 20.0 | Jul 27, 2026 | $351,900 | 17,597 | 14,315 | 81 |
| IN-505493 | 26.7 | Jul 27, 2026 | $305,700 | 11,434 | 13,901 | 81 |
| IN-185518 | 27.2 | Jun 29, 2025 | $189,700 | 6,968 | 12,179 | 74 |
| IN-145676 | 30.5 | Dec 19, 2023 | $311,500 | 10,202 | 16,972 | 70 |
| IN-684607 | 14.1 | Sep 3, 2025 | $87,100 | 6,190 | 9,880 | 68 |
| IN-704513 | 13.2 | Nov 23, 2025 | $88,300 | 6,715 | 9,074 | 67 |
| IN-515885 | 35.5 | Sep 13, 2025 | $194,700 | 5,483 | 8,534 | 67 |
| IN-776635 | 61.1 | Oct 8, 2024 | $500,400 | 8,183 | 12,447 | 63 |
| IN-166902 | 74.2 | Sep 3, 2024 | $527,300 | 7,106 | 16,702 | 60 |
| IN-586186 | 44.2 | Aug 6, 2024 | $309,300 | 7,002 | 11,844 | 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.