Comparable sales & offer analysis
Parcel IN-511347
Parke County, IN · 1.33 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$17,000
Adjusted value
$11,911
Value range
$10,025–$13,797
Comp $/acre
$8,956/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +42.7% versus the adjusted value.
Offer position
Max allowable offer
$6,806
Offer $/acre
$5,118/ac
Projected profit
$3,573
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 | 6,963 | 94 |
| IN-381736 | 1.8 | Jul 27, 2026 | $19,400 | 11,009 | 9,443 | 83 |
| IN-631007 | 1.0 | May 3, 2026 | $8,800 | 8,472 | 8,596 | 82 |
| IN-241096 | 1.1 | Feb 12, 2026 | $12,000 | 10,798 | 9,403 | 80 |
| IN-302472 | 3.0 | Jul 27, 2026 | $39,000 | 13,007 | 11,329 | 78 |
| IN-701704 | 1.7 | Dec 18, 2024 | $17,000 | 9,897 | 9,082 | 74 |
| IN-110398 | 0.7 | May 18, 2026 | $4,800 | 7,205 | 10,691 | 73 |
| IN-230302 | 0.6 | Jul 27, 2026 | $9,000 | 14,581 | 8,613 | 73 |
| IN-512334 | 2.7 | Jun 28, 2025 | $14,800 | 5,458 | 6,777 | 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.