Comparable sales & offer analysis
Parcel IN-816509
Madison County, IN · 55.82 ac · Agricultural · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$275,000
Adjusted value
$321,361
Value range
$257,914–$384,808
Comp $/acre
$5,757/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.4% versus the adjusted value.
Offer position
Max allowable offer
$183,635
Offer $/acre
$3,290/ac
Projected profit
$96,408
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-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 4,442 | 77 |
| IN-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 5,727 | 76 |
| IN-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 4,885 | 75 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 5,012 | 71 |
| IN-547431 | 108.9 | Mar 23, 2025 | $407,900 | 3,747 | 4,653 | 68 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 5,600 | 64 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 6,047 | 64 |
| IN-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 6,242 | 63 |
| IN-877374 | 104.5 | Aug 15, 2024 | $527,100 | 5,046 | 8,029 | 62 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 7,664 | 62 |
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.