Comparable sales & offer analysis
Parcel IN-509088
Ripley County, IN · 362 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,224,000
Adjusted value
$1,708,250
Value range
$1,229,940–$2,186,560
Comp $/acre
$4,725/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.3% versus the adjusted value.
Offer position
Max allowable offer
$976,143
Offer $/acre
$2,700/ac
Projected profit
$512,475
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-949438 | 465.9 | Jun 3, 2026 | $1,494,600 | 3,208 | 3,489 | 88 |
| IN-448852 | 304.7 | Jul 15, 2026 | $1,665,400 | 5,465 | 4,421 | 87 |
| IN-498890 | 313.2 | Jul 27, 2026 | $1,319,000 | 4,211 | 2,819 | 85 |
| IN-319998 | 699.0 | Jul 27, 2026 | $1,142,200 | 1,634 | 2,938 | 84 |
| IN-548759 | 284.9 | Apr 4, 2026 | $2,117,000 | 7,431 | 5,981 | 81 |
| IN-439245 | 405.1 | Sep 14, 2024 | $1,478,200 | 3,649 | 5,998 | 76 |
| IN-308505 | 237.0 | Nov 12, 2025 | $684,100 | 2,887 | 3,294 | 75 |
| IN-978572 | 248.8 | Jun 24, 2024 | $1,382,100 | 5,555 | 6,316 | 74 |
| IN-999443 | 467.6 | Jul 15, 2024 | $2,425,800 | 5,188 | 7,084 | 73 |
| IN-678927 | 321.8 | Feb 26, 2024 | $2,454,100 | 7,627 | 5,668 | 73 |
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.