Comparable sales & offer analysis
Parcel IN-404375
Madison County, IN · 11.90 ac · Unzoned · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$78,900
Adjusted value
$89,245
Value range
$72,475–$106,016
Comp $/acre
$7,500/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.6% versus the adjusted value.
Offer position
Max allowable offer
$50,997
Offer $/acre
$4,285/ac
Projected profit
$26,774
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-703939 | 8.7 | Feb 1, 2026 | $61,800 | 7,131 | 7,146 | 86 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 8,875 | 80 |
| IN-803849 | 8.1 | Jul 27, 2026 | $32,300 | 3,971 | 4,911 | 79 |
| IN-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 7,852 | 73 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 7,607 | 67 |
| IN-312953 | 4.3 | Nov 19, 2025 | $40,900 | 9,619 | 6,813 | 66 |
| IN-195421 | 25.4 | Nov 15, 2023 | $199,600 | 7,864 | 9,641 | 64 |
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.