Comparable sales & offer analysis
Parcel IN-877374
Madison County, IN · 104 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$494,000
Adjusted value
$357,777
Value range
$281,773–$433,780
Comp $/acre
$3,425/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +38.1% versus the adjusted value.
Offer position
Max allowable offer
$204,444
Offer $/acre
$1,957/ac
Projected profit
$107,333
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-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 3,042 | 86 |
| IN-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 3,922 | 84 |
| IN-547431 | 108.9 | Mar 23, 2025 | $407,900 | 3,747 | 3,186 | 77 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 3,835 | 76 |
| IN-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 3,345 | 75 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 3,433 | 73 |
| IN-298906 | 316.9 | Jul 27, 2026 | $769,000 | 2,427 | 2,619 | 70 |
| IN-478547 | 244.3 | Dec 29, 2025 | $533,400 | 2,183 | 2,406 | 70 |
| IN-938737 | 280.4 | Dec 9, 2025 | $2,209,900 | 7,882 | 5,219 | 69 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 3,243 | 65 |
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.