Comparable sales & offer analysis
Parcel TN-228522
Madison County, TN · 240 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,099,800
Adjusted value
$1,014,869
Value range
$832,461–$1,197,277
Comp $/acre
$4,230/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.4% versus the adjusted value.
Offer position
Max allowable offer
$579,925
Offer $/acre
$2,417/ac
Projected profit
$304,461
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 | 4,288 | 84 |
| TN-627162 | 89.6 | Jul 27, 2026 | $522,600 | 5,834 | 3,851 | 79 |
| TN-458233 | 194.6 | Jan 27, 2026 | $1,245,200 | 6,398 | 4,324 | 78 |
| TN-529807 | 608.7 | Jul 27, 2026 | $1,931,300 | 3,173 | 3,581 | 74 |
| TN-569513 | 491.9 | Jul 27, 2026 | $1,710,000 | 3,476 | 6,362 | 73 |
| TN-396843 | 71.1 | Jul 27, 2026 | $492,500 | 6,927 | 4,130 | 69 |
| TN-878886 | 312.3 | Jan 21, 2025 | $1,435,800 | 4,597 | 3,828 | 69 |
| TN-106925 | 75.5 | Jul 27, 2026 | $418,000 | 5,540 | 4,085 | 66 |
| TN-907213 | 93.0 | Apr 20, 2025 | $578,000 | 6,219 | 3,575 | 64 |
| TN-589558 | 508.2 | May 10, 2025 | $1,983,600 | 3,903 | 4,175 | 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.