Comparable sales & offer analysis
Parcel IN-803849
Madison County, IN · 8.13 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$36,400
Adjusted value
$51,925
Value range
$46,084–$57,766
Comp $/acre
$6,387/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.9% versus the adjusted value.
Offer position
Max allowable offer
$29,672
Offer $/acre
$3,650/ac
Projected profit
$15,578
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-703939 | 8.7 | Feb 1, 2026 | $61,800 | 7,131 | 5,823 | 81 |
| IN-312953 | 4.3 | Nov 19, 2025 | $40,900 | 9,619 | 5,552 | 73 |
| IN-404375 | 11.9 | Nov 6, 2025 | $81,900 | 6,882 | 5,822 | 73 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 7,232 | 72 |
| IN-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 6,398 | 67 |
| IN-762558 | 3.2 | Aug 1, 2025 | $30,500 | 9,573 | 6,534 | 66 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 7,856 | 60 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 6,199 | 60 |
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.