Comparable sales & offer analysis
Parcel IN-496841
Madison County, IN · 71.00 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$299,200
Adjusted value
$341,130
Value range
$259,481–$422,779
Comp $/acre
$4,805/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.3% versus the adjusted value.
Offer position
Max allowable offer
$194,931
Offer $/acre
$2,746/ac
Projected profit
$102,339
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-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 3,900 | 82 |
| IN-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 5,029 | 72 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 4,159 | 71 |
| IN-547431 | 108.9 | Mar 23, 2025 | $407,900 | 3,747 | 4,087 | 70 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 4,918 | 69 |
| IN-478547 | 244.3 | Dec 29, 2025 | $533,400 | 2,183 | 3,085 | 69 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 5,311 | 68 |
| IN-877374 | 104.5 | Aug 15, 2024 | $527,100 | 5,046 | 7,053 | 68 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 4,403 | 68 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 6,734 | 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.