Comparable sales & offer analysis
Parcel IN-370485
Madison County, IN · 0.71 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$8,200
Adjusted value
$6,977
Value range
$5,563–$8,392
Comp $/acre
$9,827/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.5% versus the adjusted value.
Offer position
Max allowable offer
$3,987
Offer $/acre
$5,616/ac
Projected profit
$2,093
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 | 10,934 | 83 |
| IN-810634 | 0.8 | May 30, 2026 | $6,700 | 8,489 | 11,790 | 80 |
| IN-571023 | 1.1 | Jul 1, 2026 | $6,500 | 6,171 | 7,278 | 78 |
| IN-751263 | 1.3 | Nov 12, 2024 | $9,600 | 7,696 | 11,428 | 68 |
| IN-271644 | 1.6 | Nov 22, 2024 | $9,500 | 5,750 | 7,365 | 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.