Comparable sales & offer analysis
Parcel IN-629859
Madison County, IN · 632 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,808,700
Adjusted value
$2,104,437
Value range
$1,515,194–$2,693,679
Comp $/acre
$3,330/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.5% versus the adjusted value.
Offer position
Max allowable offer
$1,202,535
Offer $/acre
$1,903/ac
Projected profit
$631,331
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 | 2,312 | 76 |
| IN-938737 | 280.4 | Dec 9, 2025 | $2,209,900 | 7,882 | 4,608 | 72 |
| IN-619120 | 370.0 | Jan 26, 2025 | $2,489,100 | 6,727 | 4,416 | 67 |
| IN-478547 | 244.3 | Dec 29, 2025 | $533,400 | 2,183 | 2,124 | 66 |
| IN-628752 | 283.4 | Nov 22, 2024 | $1,344,000 | 4,742 | 4,025 | 65 |
| IN-538641 | 261.5 | Oct 29, 2023 | $633,900 | 2,424 | 2,435 | 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.