Comparable sales & offer analysis
Parcel IN-805317
Madison County, IN · 23.54 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$173,400
Adjusted value
$176,490
Value range
$140,533–$212,447
Comp $/acre
$7,497/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.8% versus the adjusted value.
Offer position
Max allowable offer
$100,852
Offer $/acre
$4,284/ac
Projected profit
$52,947
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-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 6,606 | 72 |
| IN-404375 | 11.9 | Nov 6, 2025 | $81,900 | 6,882 | 7,681 | 70 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 10,364 | 70 |
| IN-803849 | 8.1 | Jul 27, 2026 | $32,300 | 3,971 | 5,280 | 69 |
| IN-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 8,441 | 68 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 9,541 | 67 |
| IN-703939 | 8.7 | Feb 1, 2026 | $61,800 | 7,131 | 7,682 | 67 |
| IN-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 6,006 | 66 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 6,403 | 64 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 6,778 | 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.