Comparable sales & offer analysis
Parcel IN-216418
Ripley County, IN · 52.26 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$404,100
Adjusted value
$302,679
Value range
$238,815–$366,542
Comp $/acre
$5,792/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.5% versus the adjusted value.
Offer position
Max allowable offer
$172,959
Offer $/acre
$3,310/ac
Projected profit
$90,804
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-726070 | 40.6 | Jul 6, 2026 | $248,600 | 6,121 | 5,888 | 84 |
| IN-596751 | 66.5 | Jul 27, 2026 | $534,400 | 8,033 | 5,794 | 84 |
| IN-336291 | 47.7 | May 15, 2026 | $345,000 | 7,238 | 6,717 | 83 |
| IN-946864 | 72.2 | Jul 27, 2026 | $444,700 | 6,160 | 3,835 | 82 |
| IN-796700 | 64.1 | May 30, 2026 | $562,900 | 8,781 | 7,354 | 81 |
| IN-475607 | 29.0 | Jul 27, 2026 | $101,200 | 3,484 | 3,715 | 79 |
| IN-206359 | 50.1 | May 7, 2024 | $363,000 | 7,250 | 6,258 | 74 |
| IN-175437 | 25.7 | Dec 9, 2025 | $303,800 | 11,829 | 7,343 | 73 |
| IN-346846 | 71.3 | Sep 15, 2025 | $487,900 | 6,847 | 6,112 | 72 |
| IN-395311 | 23.4 | Mar 3, 2026 | $165,900 | 7,079 | 4,996 | 71 |
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.