Comparable sales & offer analysis
Parcel IN-489739
Lake County, IN · 579 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,845,100
Adjusted value
$1,745,427
Value range
$1,509,551–$1,981,303
Comp $/acre
$3,012/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.7% versus the adjusted value.
Offer position
Max allowable offer
$997,387
Offer $/acre
$1,721/ac
Projected profit
$523,628
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-498711 | 275.1 | Jul 23, 2025 | $717,900 | 2,609 | 2,540 | 74 |
| IN-378355 | 212.6 | Jul 27, 2026 | $772,500 | 3,634 | 2,712 | 73 |
| IN-758745 | 282.0 | May 9, 2026 | $1,412,300 | 5,008 | 2,945 | 71 |
| IN-449258 | 408.9 | Jun 10, 2024 | $1,472,400 | 3,601 | 3,498 | 65 |
| IN-978053 | 170.8 | Jul 17, 2024 | $989,400 | 5,792 | 3,577 | 54 |
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.