Comparable sales & offer analysis
Parcel IN-629859
Madison County, IN · 632 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$2,808,700
Adjusted value
$2,092,332
Value range
$1,506,479–$2,678,184
Comp $/acre
$3,310/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +34.2% versus the adjusted value.
Offer position
Max allowable offer
$1,195,618
Offer $/acre
$1,892/ac
Projected profit
$627,699
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-298906 | 316.9 | Jul 27, 2026 | $769,000 | 2,427 | 2,300 | 77 |
| IN-938737 | 280.4 | Dec 9, 2025 | $2,209,900 | 7,882 | 4,583 | 73 |
| IN-619120 | 370.0 | Jan 26, 2025 | $2,489,100 | 6,727 | 4,393 | 67 |
| IN-478547 | 244.3 | Dec 29, 2025 | $533,400 | 2,183 | 2,113 | 67 |
| IN-628752 | 283.4 | Nov 22, 2024 | $1,344,000 | 4,742 | 4,004 | 65 |
| IN-538641 | 261.5 | Oct 29, 2023 | $633,900 | 2,424 | 2,423 | 59 |
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.