Comparable sales & offer analysis
Parcel TN-228522
Madison County, TN · 240 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,099,800
Adjusted value
$1,009,539
Value range
$827,964–$1,191,115
Comp $/acre
$4,207/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.9% versus the adjusted value.
Offer position
Max allowable offer
$576,880
Offer $/acre
$2,404/ac
Projected profit
$302,862
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-348223 | 193.2 | Jul 27, 2026 | $594,100 | 3,075 | 4,264 | 86 |
| TN-627162 | 89.6 | Jul 27, 2026 | $522,600 | 5,834 | 3,830 | 80 |
| TN-458233 | 194.6 | Jan 27, 2026 | $1,245,200 | 6,398 | 4,300 | 79 |
| TN-529807 | 608.7 | Jul 27, 2026 | $1,931,300 | 3,173 | 3,561 | 75 |
| TN-569513 | 491.9 | Jul 27, 2026 | $1,710,000 | 3,476 | 6,327 | 74 |
| TN-396843 | 71.1 | Jul 27, 2026 | $492,500 | 6,927 | 4,107 | 71 |
| TN-878886 | 312.3 | Jan 21, 2025 | $1,435,800 | 4,597 | 3,808 | 70 |
| TN-106925 | 75.5 | Jul 27, 2026 | $418,000 | 5,540 | 4,062 | 67 |
| TN-907213 | 93.0 | Apr 20, 2025 | $578,000 | 6,219 | 3,556 | 65 |
| TN-589558 | 508.2 | May 10, 2025 | $1,983,600 | 3,903 | 4,153 | 62 |
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.