Comparable sales & offer analysis
Parcel IN-511347
Parke County, IN · 1.33 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$17,000
Adjusted value
$11,849
Value range
$9,973–$13,724
Comp $/acre
$8,909/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +43.5% versus the adjusted value.
Offer position
Max allowable offer
$6,771
Offer $/acre
$5,091/ac
Projected profit
$3,555
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-381387 | 1.4 | Jul 27, 2026 | $9,500 | 6,906 | 6,924 | 96 |
| IN-381736 | 1.8 | Jul 27, 2026 | $19,400 | 11,009 | 9,391 | 84 |
| IN-631007 | 1.0 | May 3, 2026 | $8,800 | 8,472 | 8,548 | 84 |
| IN-241096 | 1.1 | Feb 12, 2026 | $12,000 | 10,798 | 9,352 | 81 |
| IN-302472 | 3.0 | Jul 27, 2026 | $39,000 | 13,007 | 11,266 | 79 |
| IN-701704 | 1.7 | Dec 18, 2024 | $17,000 | 9,897 | 9,034 | 75 |
| IN-110398 | 0.7 | May 18, 2026 | $4,800 | 7,205 | 10,632 | 74 |
| IN-230302 | 0.6 | Jul 27, 2026 | $9,000 | 14,581 | 8,565 | 74 |
| IN-512334 | 2.7 | Jun 28, 2025 | $14,800 | 5,458 | 6,741 | 71 |
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.