Comparable sales & offer analysis
Parcel IN-970422
Lake County, IN · 0.68 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$6,700
Adjusted value
$3,817
Value range
$3,294–$4,339
Comp $/acre
$5,613/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +75.5% versus the adjusted value.
Offer position
Max allowable offer
$2,181
Offer $/acre
$3,207/ac
Projected profit
$1,145
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-790101 | 0.5 | Jun 1, 2026 | $4,300 | 7,972 | 4,653 | 78 |
| IN-481291 | 1.3 | Feb 23, 2025 | $12,000 | 9,487 | 6,604 | 64 |
| IN-502957 | 4.3 | Jan 26, 2026 | $21,700 | 5,092 | 5,427 | 63 |
| IN-981909 | 2.0 | Jan 30, 2024 | $11,400 | 5,721 | 6,450 | 62 |
| IN-671992 | 2.1 | Nov 24, 2025 | $18,000 | 8,487 | 5,142 | 61 |
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.