Comparable sales & offer analysis
Parcel IN-223206
Parke County, IN · 5.10 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$42,500
Adjusted value
$54,973
Value range
$45,294–$64,651
Comp $/acre
$10,779/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.7% versus the adjusted value.
Offer position
Max allowable offer
$31,413
Offer $/acre
$6,159/ac
Projected profit
$16,492
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-593481 | 6.2 | Jul 20, 2026 | $77,500 | 12,464 | 10,351 | 87 |
| IN-423258 | 5.3 | Jul 27, 2026 | $27,100 | 5,108 | 8,873 | 85 |
| IN-803474 | 6.2 | Jul 27, 2026 | $58,400 | 9,431 | 11,099 | 84 |
| IN-302472 | 3.0 | Jul 27, 2026 | $39,000 | 13,007 | 12,781 | 84 |
| IN-381736 | 1.8 | Jul 27, 2026 | $19,400 | 11,009 | 10,654 | 68 |
| IN-701704 | 1.7 | Dec 18, 2024 | $17,000 | 9,897 | 10,249 | 68 |
| IN-512334 | 2.7 | Jun 28, 2025 | $14,800 | 5,458 | 7,648 | 68 |
| IN-893880 | 8.3 | Jun 10, 2024 | $68,200 | 8,205 | 10,837 | 67 |
| IN-864521 | 13.2 | Apr 11, 2025 | $127,800 | 9,670 | 14,939 | 62 |
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.