Comparable sales & offer analysis
Parcel IN-547431
Madison County, IN · 109 ac · Unzoned · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$412,900
Adjusted value
$487,649
Value range
$353,277–$622,020
Comp $/acre
$4,480/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.3% versus the adjusted value.
Offer position
Max allowable offer
$278,656
Offer $/acre
$2,560/ac
Projected profit
$146,295
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-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 4,883 | 83 |
| IN-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 3,787 | 76 |
| IN-877374 | 104.5 | Aug 15, 2024 | $527,100 | 5,046 | 6,848 | 76 |
| IN-298906 | 316.9 | Jul 27, 2026 | $769,000 | 2,427 | 3,260 | 76 |
| IN-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 4,165 | 76 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 4,775 | 75 |
| IN-478547 | 244.3 | Dec 29, 2025 | $533,400 | 2,183 | 2,995 | 70 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 4,038 | 70 |
| IN-938737 | 280.4 | Dec 9, 2025 | $2,209,900 | 7,882 | 6,497 | 69 |
| IN-538641 | 261.5 | Oct 29, 2023 | $633,900 | 2,424 | 3,434 | 67 |
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.