Comparable sales & offer analysis
Parcel IN-489574
Parke County, IN · 514 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,655,000
Adjusted value
$2,191,491
Value range
$1,831,342–$2,551,640
Comp $/acre
$4,263/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +21.2% versus the adjusted value.
Offer position
Max allowable offer
$1,252,281
Offer $/acre
$2,436/ac
Projected profit
$657,447
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-779713 | 568.6 | May 13, 2026 | $1,801,500 | 3,168 | 3,320 | 88 |
| IN-379622 | 532.3 | Mar 18, 2026 | $2,174,000 | 4,084 | 4,222 | 86 |
| IN-618542 | 243.4 | Feb 14, 2026 | $1,340,900 | 5,508 | 4,537 | 74 |
| IN-798550 | 244.9 | Nov 2, 2025 | $885,800 | 3,618 | 4,131 | 66 |
| IN-957786 | 140.8 | Feb 27, 2024 | $760,200 | 5,400 | 4,134 | 63 |
| IN-657837 | 146.1 | Oct 8, 2023 | $1,129,000 | 7,729 | 5,779 | 55 |
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.