Comparable sales & offer analysis
Parcel IN-502957
Lake County, IN · 4.26 ac · Mixed Use · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$22,000
Adjusted value
$26,276
Value range
$23,352–$29,200
Comp $/acre
$6,168/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -16.3% versus the adjusted value.
Offer position
Max allowable offer
$15,015
Offer $/acre
$3,525/ac
Projected profit
$7,883
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-671992 | 2.1 | Nov 24, 2025 | $18,000 | 8,487 | 4,963 | 74 |
| IN-264246 | 10.8 | Jun 30, 2026 | $121,700 | 11,241 | 6,927 | 71 |
| IN-981909 | 2.0 | Jan 30, 2024 | $11,400 | 5,721 | 6,226 | 70 |
| IN-481291 | 1.3 | Feb 23, 2025 | $12,000 | 9,487 | 6,375 | 59 |
| IN-434480 | 12.8 | Feb 9, 2024 | $88,200 | 6,866 | 6,481 | 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.