Comparable sales & offer analysis
Parcel IL-375490
Madison County, IL · 32.02 ac · Residential · Paved · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$358,600
Adjusted value
$318,842
Value range
$249,007–$388,677
Comp $/acre
$9,958/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +12.5% versus the adjusted value.
Offer position
Max allowable offer
$182,196
Offer $/acre
$5,690/ac
Projected profit
$95,653
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 | 9,572 | 79 |
| IL-485970 | 45.3 | May 4, 2026 | $316,200 | 6,975 | 10,306 | 78 |
| IL-786823 | 84.1 | Jul 27, 2026 | $390,400 | 4,642 | 9,813 | 74 |
| IL-156110 | 50.2 | May 14, 2026 | $368,900 | 7,353 | 8,093 | 73 |
| IL-164772 | 19.0 | May 22, 2025 | $250,300 | 13,152 | 12,267 | 72 |
| IL-494589 | 16.7 | Dec 1, 2025 | $208,900 | 12,533 | 13,741 | 70 |
| IL-534908 | 21.0 | May 20, 2024 | $132,800 | 6,325 | 7,671 | 69 |
| IL-754425 | 14.8 | Mar 23, 2026 | $101,000 | 6,823 | 7,290 | 68 |
| IL-146485 | 65.8 | Jun 11, 2024 | $676,200 | 10,271 | 12,926 | 68 |
| IL-763918 | 10.3 | Oct 15, 2025 | $51,100 | 4,988 | 7,802 | 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.