Comparable sales & offer analysis
Parcel IN-195421
Madison County, IN · 25.38 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$198,600
Adjusted value
$156,654
Value range
$130,657–$182,651
Comp $/acre
$6,172/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +26.8% versus the adjusted value.
Offer position
Max allowable offer
$89,517
Offer $/acre
$3,527/ac
Projected profit
$46,996
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-254853 | 16.8 | Jul 4, 2025 | $121,100 | 7,200 | 7,181 | 79 |
| IN-805317 | 23.5 | Apr 27, 2025 | $181,500 | 7,712 | 6,957 | 75 |
| IN-803849 | 8.1 | Jul 27, 2026 | $32,300 | 3,971 | 4,492 | 73 |
| IN-776783 | 68.1 | Apr 28, 2026 | $225,000 | 3,305 | 5,110 | 71 |
| IN-404375 | 11.9 | Nov 6, 2025 | $81,900 | 6,882 | 6,534 | 71 |
| IN-703939 | 8.7 | Feb 1, 2026 | $61,800 | 7,131 | 6,535 | 70 |
| IN-816509 | 55.8 | May 13, 2025 | $249,700 | 4,473 | 5,447 | 67 |
| IN-836438 | 53.0 | May 20, 2024 | $193,100 | 3,642 | 5,766 | 64 |
| IN-496841 | 71.0 | Feb 14, 2026 | $298,300 | 4,201 | 5,620 | 63 |
| IN-984246 | 10.8 | Jun 12, 2025 | $104,200 | 9,626 | 8,117 | 61 |
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.