Comparable sales & offer analysis
Parcel IN-703939
Madison County, IN · 8.67 ac · Unzoned · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$70,100
Adjusted value
$66,742
Value range
$54,638–$78,847
Comp $/acre
$7,698/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.0% versus the adjusted value.
Offer position
Max allowable offer
$38,138
Offer $/acre
$4,399/ac
Projected profit
$20,023
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-803849 | 8.1 | Jul 27, 2026 | $32,300 | 3,971 | 5,039 | 85 |
| IN-404375 | 11.9 | Nov 6, 2025 | $81,900 | 6,882 | 7,330 | 85 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 9,105 | 76 |
| IN-312953 | 4.3 | Nov 19, 2025 | $40,900 | 9,619 | 6,990 | 70 |
| IN-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 8,056 | 70 |
| IN-762558 | 3.2 | Aug 1, 2025 | $30,500 | 9,573 | 8,226 | 66 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 7,804 | 62 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 9,891 | 61 |
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.