Comparable sales & offer analysis
Parcel IN-498890
Ripley County, IN · 313 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,602,700
Adjusted value
$2,211,433
Value range
$1,649,660–$2,773,205
Comp $/acre
$7,060/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.5% versus the adjusted value.
Offer position
Max allowable offer
$1,263,676
Offer $/acre
$4,034/ac
Projected profit
$663,430
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 | 6,655 | 84 |
| IN-548759 | 284.9 | Apr 4, 2026 | $2,117,000 | 7,431 | 9,004 | 80 |
| IN-949438 | 465.9 | Jun 3, 2026 | $1,494,600 | 3,208 | 5,252 | 78 |
| IN-678927 | 321.8 | Feb 26, 2024 | $2,454,100 | 7,627 | 8,528 | 77 |
| IN-308505 | 237.0 | Nov 12, 2025 | $684,100 | 2,887 | 4,958 | 73 |
| IN-857616 | 124.5 | Oct 21, 2025 | $825,300 | 6,631 | 7,666 | 72 |
| IN-509088 | 361.6 | Jan 7, 2024 | $1,231,300 | 3,406 | 5,686 | 71 |
| IN-319998 | 699.0 | Jul 27, 2026 | $1,142,200 | 1,634 | 4,423 | 71 |
| IN-978572 | 248.8 | Jun 24, 2024 | $1,382,100 | 5,555 | 9,504 | 69 |
| IN-439245 | 405.1 | Sep 14, 2024 | $1,478,200 | 3,649 | 9,025 | 68 |
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.