Comparable sales & offer analysis
Parcel IN-422704
Gibson County, IN · 3.55 ac · Unzoned · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$26,500
Adjusted value
$40,032
Value range
$32,536–$47,527
Comp $/acre
$11,277/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -33.8% versus the adjusted value.
Offer position
Max allowable offer
$22,875
Offer $/acre
$6,444/ac
Projected profit
$12,010
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-893037 | 4.5 | Feb 7, 2026 | $58,400 | 12,950 | 9,354 | 77 |
| IN-903229 | 5.2 | Sep 29, 2024 | $59,200 | 11,409 | 12,602 | 74 |
| IN-222538 | 3.1 | May 4, 2025 | $44,900 | 14,294 | 14,421 | 74 |
| IN-203449 | 6.1 | Nov 5, 2024 | $34,000 | 5,596 | 8,489 | 68 |
| IN-781199 | 1.2 | Jul 27, 2026 | $8,800 | 7,415 | 10,017 | 68 |
| IN-113586 | 6.7 | Jun 21, 2025 | $67,300 | 10,022 | 12,680 | 68 |
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.