Comparable sales & offer analysis
Parcel TN-348223
Madison County, TN · 193 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$634,700
Adjusted value
$617,833
Value range
$492,800–$742,866
Comp $/acre
$3,198/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.7% versus the adjusted value.
Offer position
Max allowable offer
$353,047
Offer $/acre
$1,827/ac
Projected profit
$185,350
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 |
|---|---|---|---|---|---|---|
| TN-458233 | 194.6 | Jan 27, 2026 | $1,245,200 | 6,398 | 3,108 | 87 |
| TN-228522 | 239.9 | May 18, 2025 | $1,096,500 | 4,570 | 3,475 | 77 |
| TN-627162 | 89.6 | Jul 27, 2026 | $522,600 | 5,834 | 2,768 | 76 |
| TN-569513 | 491.9 | Jul 27, 2026 | $1,710,000 | 3,476 | 4,572 | 74 |
| TN-396843 | 71.1 | Jul 27, 2026 | $492,500 | 6,927 | 2,968 | 72 |
| TN-106925 | 75.5 | Jul 27, 2026 | $418,000 | 5,540 | 2,935 | 70 |
| TN-907213 | 93.0 | Apr 20, 2025 | $578,000 | 6,219 | 2,570 | 70 |
| TN-827548 | 118.5 | Sep 21, 2024 | $1,306,300 | 11,025 | 4,195 | 70 |
| TN-529807 | 608.7 | Jul 27, 2026 | $1,931,300 | 3,173 | 2,573 | 69 |
| TN-878886 | 312.3 | Jan 21, 2025 | $1,435,800 | 4,597 | 2,752 | 67 |
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.