Comparable sales & offer analysis
Parcel IN-617581
Gibson County, IN · 121 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$443,200
Adjusted value
$540,600
Value range
$412,664–$668,535
Comp $/acre
$4,455/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.0% versus the adjusted value.
Offer position
Max allowable offer
$308,914
Offer $/acre
$2,546/ac
Projected profit
$162,180
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-697854 | 147.9 | Jun 17, 2026 | $624,800 | 4,225 | 3,027 | 82 |
| IN-687376 | 104.6 | Jan 9, 2026 | $531,400 | 5,079 | 3,429 | 81 |
| IN-587813 | 143.6 | Apr 12, 2025 | $647,600 | 4,511 | 5,005 | 79 |
| IN-318063 | 172.1 | Aug 29, 2025 | $804,300 | 4,674 | 4,559 | 78 |
| IN-218777 | 288.6 | Jul 27, 2026 | $1,721,900 | 5,966 | 5,188 | 76 |
| IN-166902 | 74.2 | Sep 3, 2024 | $527,300 | 7,106 | 5,829 | 71 |
| IN-596994 | 79.3 | Jun 20, 2024 | $587,000 | 7,400 | 6,213 | 69 |
| IN-586186 | 44.2 | Aug 6, 2024 | $309,300 | 7,002 | 4,133 | 67 |
| IN-515885 | 35.5 | Sep 13, 2025 | $194,700 | 5,483 | 2,978 | 66 |
| IN-776635 | 61.1 | Oct 8, 2024 | $500,400 | 8,183 | 4,344 | 64 |
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.