Comparable sales & offer analysis
Parcel IN-776783
Madison County, IN · 68.08 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$236,600
Adjusted value
$298,304
Value range
$237,731–$358,877
Comp $/acre
$4,382/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -20.7% versus the adjusted value.
Offer position
Max allowable offer
$170,459
Offer $/acre
$2,504/ac
Projected profit
$89,491
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-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 3,797 | 80 |
| IN-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 3,701 | 79 |
| IN-877374 | 104.5 | Aug 15, 2024 | $527,100 | 5,046 | 6,083 | 77 |
| IN-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 4,339 | 77 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 3,587 | 71 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 4,243 | 70 |
| IN-547431 | 108.9 | Mar 23, 2025 | $407,900 | 3,747 | 3,525 | 68 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 5,806 | 60 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 4,581 | 59 |
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.