Comparable sales & offer analysis
Parcel IN-805317
Madison County, IN · 23.54 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$173,400
Adjusted value
$175,438
Value range
$139,675–$211,202
Comp $/acre
$7,453/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.2% versus the adjusted value.
Offer position
Max allowable offer
$100,251
Offer $/acre
$4,259/ac
Projected profit
$52,632
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 | 6,570 | 73 |
| IN-404375 | 11.9 | Nov 6, 2025 | $81,900 | 6,882 | 7,639 | 71 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 10,313 | 70 |
| IN-803849 | 8.1 | Jul 27, 2026 | $32,300 | 3,971 | 5,251 | 70 |
| IN-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 8,396 | 69 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 9,490 | 68 |
| IN-703939 | 8.7 | Feb 1, 2026 | $61,800 | 7,131 | 7,640 | 68 |
| IN-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 5,974 | 67 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 6,369 | 65 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 6,743 | 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.