Comparable sales & offer analysis
Parcel IN-978572
Ripley County, IN · 249 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,315,000
Adjusted value
$943,204
Value range
$711,073–$1,175,336
Comp $/acre
$3,791/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +39.4% versus the adjusted value.
Offer position
Max allowable offer
$538,974
Offer $/acre
$2,166/ac
Projected profit
$282,961
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-448852 | 304.7 | Jul 15, 2026 | $1,665,400 | 5,465 | 4,262 | 82 |
| IN-498890 | 313.2 | Jul 27, 2026 | $1,319,000 | 4,211 | 2,718 | 80 |
| IN-308505 | 237.0 | Nov 12, 2025 | $684,100 | 2,887 | 3,175 | 78 |
| IN-548759 | 284.9 | Apr 4, 2026 | $2,117,000 | 7,431 | 5,766 | 76 |
| IN-319998 | 699.0 | Jul 27, 2026 | $1,142,200 | 1,634 | 2,833 | 76 |
| IN-578355 | 212.6 | May 22, 2024 | $623,000 | 2,930 | 3,082 | 76 |
| IN-949438 | 465.9 | Jun 3, 2026 | $1,494,600 | 3,208 | 3,364 | 76 |
| IN-509088 | 361.6 | Jan 7, 2024 | $1,231,300 | 3,406 | 3,641 | 72 |
| IN-257945 | 158.0 | Oct 12, 2024 | $926,400 | 5,864 | 4,759 | 71 |
| IN-346846 | 71.3 | Sep 15, 2025 | $487,900 | 6,847 | 4,446 | 69 |
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.