Comparable sales & offer analysis
Parcel IL-156110
Madison County, IL · 50.17 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$364,900
Adjusted value
$423,305
Value range
$304,780–$541,831
Comp $/acre
$8,437/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -13.8% versus the adjusted value.
Offer position
Max allowable offer
$241,889
Offer $/acre
$4,821/ac
Projected profit
$126,992
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 |
|---|---|---|---|---|---|---|
| IL-165817 | 40.6 | Jul 27, 2026 | $252,000 | 6,213 | 8,790 | 86 |
| IL-485970 | 45.3 | May 4, 2026 | $316,200 | 6,975 | 9,465 | 80 |
| IL-627185 | 109.3 | Jul 27, 2026 | $552,100 | 5,051 | 4,952 | 78 |
| IL-786823 | 84.1 | Jul 27, 2026 | $390,400 | 4,642 | 9,012 | 74 |
| IL-357709 | 159.8 | Jul 27, 2026 | $411,800 | 2,578 | 5,005 | 72 |
| IL-146485 | 65.8 | Jun 11, 2024 | $676,200 | 10,271 | 11,871 | 71 |
| IL-375490 | 32.0 | Jan 14, 2026 | $337,800 | 10,550 | 9,927 | 71 |
| IL-727500 | 137.3 | Jul 27, 2026 | $506,300 | 3,687 | 6,397 | 69 |
| IL-754425 | 14.8 | Mar 23, 2026 | $101,000 | 6,823 | 6,695 | 69 |
| IL-494589 | 16.7 | Dec 1, 2025 | $208,900 | 12,533 | 12,619 | 66 |
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.