Comparable sales & offer analysis
Parcel IN-439245
Ripley County, IN · 405 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,418,600
Adjusted value
$1,116,762
Value range
$804,069–$1,429,455
Comp $/acre
$2,757/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +27.0% versus the adjusted value.
Offer position
Max allowable offer
$638,150
Offer $/acre
$1,575/ac
Projected profit
$335,029
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 | 2,307 | 88 |
| IN-448852 | 304.7 | Jul 15, 2026 | $1,665,400 | 5,465 | 2,922 | 84 |
| IN-319998 | 699.0 | Jul 27, 2026 | $1,142,200 | 1,634 | 1,943 | 82 |
| IN-548759 | 284.9 | Apr 4, 2026 | $2,117,000 | 7,431 | 3,954 | 82 |
| IN-308505 | 237.0 | Nov 12, 2025 | $684,100 | 2,887 | 2,177 | 79 |
| IN-498890 | 313.2 | Jul 27, 2026 | $1,319,000 | 4,211 | 1,864 | 79 |
| IN-989589 | 519.8 | Feb 11, 2025 | $1,446,200 | 2,782 | 3,205 | 75 |
| IN-999443 | 467.6 | Jul 15, 2024 | $2,425,800 | 5,188 | 4,681 | 74 |
| IN-509088 | 361.6 | Jan 7, 2024 | $1,231,300 | 3,406 | 2,497 | 73 |
| IN-578355 | 212.6 | May 22, 2024 | $623,000 | 2,930 | 2,113 | 70 |
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.