Comparable sales & offer analysis
Parcel IN-571023
Madison County, IN · 1.05 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$6,900
Adjusted value
$9,885
Value range
$8,450–$11,321
Comp $/acre
$9,414/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -30.2% versus the adjusted value.
Offer position
Max allowable offer
$5,649
Offer $/acre
$5,380/ac
Projected profit
$2,966
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-810794 | 0.9 | Jan 17, 2026 | $11,100 | 12,506 | 9,320 | 82 |
| IN-810634 | 0.8 | May 30, 2026 | $6,700 | 8,489 | 10,049 | 80 |
| IN-751263 | 1.3 | Nov 12, 2024 | $9,600 | 7,696 | 9,743 | 78 |
| IN-370485 | 0.7 | Aug 8, 2025 | $8,300 | 11,746 | 10,497 | 73 |
| IN-762558 | 3.2 | Aug 1, 2025 | $30,500 | 9,573 | 10,326 | 66 |
| IN-271644 | 1.6 | Nov 22, 2024 | $9,500 | 5,750 | 6,279 | 66 |
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.