Comparable sales & offer analysis
Parcel IN-538641
Madison County, IN · 262 ac · Unzoned · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$705,100
Adjusted value
$1,054,894
Value range
$764,722–$1,345,066
Comp $/acre
$4,033/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -33.2% versus the adjusted value.
Offer position
Max allowable offer
$602,797
Offer $/acre
$2,305/ac
Projected profit
$316,468
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 | 2,571 | 89 |
| IN-478547 | 244.3 | Dec 29, 2025 | $533,400 | 2,183 | 2,362 | 80 |
| IN-938737 | 280.4 | Dec 9, 2025 | $2,209,900 | 7,882 | 5,124 | 79 |
| IN-628752 | 283.4 | Nov 22, 2024 | $1,344,000 | 4,742 | 4,477 | 77 |
| IN-907357 | 103.2 | Jan 20, 2026 | $498,700 | 4,833 | 3,851 | 73 |
| IN-547431 | 108.9 | Mar 23, 2025 | $407,900 | 3,747 | 3,129 | 71 |
| IN-619120 | 370.0 | Jan 26, 2025 | $2,489,100 | 6,727 | 4,912 | 71 |
| IN-437636 | 126.3 | Jul 14, 2025 | $761,900 | 6,033 | 3,766 | 70 |
| IN-629859 | 632.0 | Dec 1, 2024 | $2,929,500 | 4,635 | 5,554 | 62 |
| IN-877374 | 104.5 | Aug 15, 2024 | $527,100 | 5,046 | 5,401 | 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.