Comparable sales & offer analysis
Parcel IN-516005
Parke County, IN · 38.75 ac · Unzoned · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$241,300
Adjusted value
$315,749
Value range
$248,201–$383,297
Comp $/acre
$8,148/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.6% versus the adjusted value.
Offer position
Max allowable offer
$180,428
Offer $/acre
$4,656/ac
Projected profit
$94,725
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 | 6,705 | 88 |
| IN-415506 | 27.0 | Sep 9, 2025 | $198,500 | 7,354 | 5,273 | 78 |
| IN-985897 | 35.8 | Mar 27, 2025 | $308,700 | 8,615 | 9,146 | 74 |
| IN-407072 | 83.9 | Apr 9, 2026 | $666,200 | 7,938 | 9,520 | 73 |
| IN-426369 | 50.4 | Aug 31, 2024 | $291,100 | 5,771 | 6,679 | 72 |
| IN-225804 | 33.5 | Mar 15, 2025 | $320,800 | 9,577 | 10,063 | 72 |
| IN-946347 | 49.6 | Jul 17, 2024 | $407,100 | 8,202 | 8,081 | 68 |
| IN-864521 | 13.2 | Apr 11, 2025 | $127,800 | 9,670 | 10,416 | 66 |
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.