Comparable sales & offer analysis
Parcel IN-381387
Parke County, IN · 1.37 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$10,900
Adjusted value
$12,947
Value range
$11,128–$14,766
Comp $/acre
$9,451/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.8% versus the adjusted value.
Offer position
Max allowable offer
$7,398
Offer $/acre
$5,400/ac
Projected profit
$3,884
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-511347 | 1.3 | Jun 13, 2025 | $14,100 | 10,583 | 11,101 | 87 |
| IN-381736 | 1.8 | Jul 27, 2026 | $19,400 | 11,009 | 9,387 | 86 |
| IN-631007 | 1.0 | May 3, 2026 | $8,800 | 8,472 | 8,545 | 83 |
| IN-241096 | 1.1 | Feb 12, 2026 | $12,000 | 10,798 | 9,348 | 81 |
| IN-302472 | 3.0 | Jul 27, 2026 | $39,000 | 13,007 | 11,261 | 78 |
| IN-701704 | 1.7 | Dec 18, 2024 | $17,000 | 9,897 | 9,031 | 75 |
| IN-110398 | 0.7 | May 18, 2026 | $4,800 | 7,205 | 10,628 | 73 |
| IN-230302 | 0.6 | Jul 27, 2026 | $9,000 | 14,581 | 8,562 | 72 |
| IN-512334 | 2.7 | Jun 28, 2025 | $14,800 | 5,458 | 6,739 | 69 |
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.