Comparable sales & offer analysis
Parcel IN-475607
Ripley County, IN · 29.04 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$122,500
Adjusted value
$168,503
Value range
$129,997–$207,009
Comp $/acre
$5,802/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.3% versus the adjusted value.
Offer position
Max allowable offer
$96,287
Offer $/acre
$3,316/ac
Projected profit
$50,551
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-395311 | 23.4 | Mar 3, 2026 | $165,900 | 7,079 | 4,722 | 83 |
| IN-726070 | 40.6 | Jul 6, 2026 | $248,600 | 6,121 | 5,566 | 81 |
| IN-175437 | 25.7 | Dec 9, 2025 | $303,800 | 11,829 | 6,940 | 79 |
| IN-336291 | 47.7 | May 15, 2026 | $345,000 | 7,238 | 6,349 | 76 |
| IN-675681 | 30.6 | Nov 3, 2025 | $197,200 | 6,437 | 3,897 | 75 |
| IN-216418 | 52.3 | Sep 18, 2025 | $419,500 | 8,026 | 7,918 | 73 |
| IN-946864 | 72.2 | Jul 27, 2026 | $444,700 | 6,160 | 3,625 | 72 |
| IN-714371 | 11.9 | Jul 27, 2026 | $132,000 | 11,128 | 6,752 | 72 |
| IN-715117 | 20.4 | Oct 12, 2025 | $179,500 | 8,814 | 6,895 | 72 |
| IN-596751 | 66.5 | Jul 27, 2026 | $534,400 | 8,033 | 5,476 | 72 |
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.