Comparable sales & offer analysis
Parcel IN-271644
Madison County, IN · 1.65 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,500
Adjusted value
$15,063
Value range
$12,794–$17,331
Comp $/acre
$9,129/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.7% versus the adjusted value.
Offer position
Max allowable offer
$8,607
Offer $/acre
$5,216/ac
Projected profit
$4,519
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-571023 | 1.1 | Jul 1, 2026 | $6,500 | 6,171 | 6,127 | 75 |
| IN-810634 | 0.8 | May 30, 2026 | $6,700 | 8,489 | 9,926 | 75 |
| IN-751263 | 1.3 | Nov 12, 2024 | $9,600 | 7,696 | 9,620 | 71 |
| IN-762558 | 3.2 | Aug 1, 2025 | $30,500 | 9,573 | 10,198 | 70 |
| IN-810794 | 0.9 | Jan 17, 2026 | $11,100 | 12,506 | 9,205 | 70 |
| IN-312953 | 4.3 | Nov 19, 2025 | $40,900 | 9,619 | 8,666 | 70 |
| IN-370485 | 0.7 | Aug 8, 2025 | $8,300 | 11,746 | 10,367 | 68 |
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.