Comparable sales & offer analysis
Parcel IN-254853
Madison County, IN · 16.82 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$122,200
Adjusted value
$117,168
Value range
$93,530–$140,807
Comp $/acre
$6,966/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +4.3% versus the adjusted value.
Offer position
Max allowable offer
$66,953
Offer $/acre
$3,981/ac
Projected profit
$35,151
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-404375 | 11.9 | Nov 6, 2025 | $81,900 | 6,882 | 6,895 | 75 |
| IN-803849 | 8.1 | Jul 27, 2026 | $32,300 | 3,971 | 4,740 | 74 |
| IN-703939 | 8.7 | Feb 1, 2026 | $61,800 | 7,131 | 6,896 | 73 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 9,304 | 73 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 7,341 | 68 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 8,565 | 65 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 5,748 | 62 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 6,085 | 56 |
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.