Comparable sales & offer analysis
Parcel IN-946347
Parke County, IN · 49.64 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$412,500
Adjusted value
$425,639
Value range
$331,350–$519,927
Comp $/acre
$8,575/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -3.1% versus the adjusted value.
Offer position
Max allowable offer
$243,222
Offer $/acre
$4,900/ac
Projected profit
$127,692
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-215911 | 36.2 | Jul 27, 2026 | $207,200 | 5,724 | 7,438 | 76 |
| IN-407072 | 83.9 | Apr 9, 2026 | $666,200 | 7,938 | 10,561 | 76 |
| IN-426369 | 50.4 | Aug 31, 2024 | $291,100 | 5,771 | 7,409 | 73 |
| IN-516005 | 38.8 | Sep 21, 2025 | $217,900 | 5,623 | 6,509 | 73 |
| IN-985897 | 35.8 | Mar 27, 2025 | $308,700 | 8,615 | 10,146 | 70 |
| IN-225804 | 33.5 | Mar 15, 2025 | $320,800 | 9,577 | 11,163 | 68 |
| IN-415506 | 27.0 | Sep 9, 2025 | $198,500 | 7,354 | 5,850 | 67 |
| IN-957786 | 140.8 | Feb 27, 2024 | $760,200 | 5,400 | 7,646 | 62 |
| IN-657837 | 146.1 | Oct 8, 2023 | $1,129,000 | 7,729 | 10,688 | 60 |
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.