Comparable sales & offer analysis
Parcel IN-701994
Ripley County, IN · 2.12 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$19,700
Adjusted value
$25,530
Value range
$22,139–$28,921
Comp $/acre
$12,042/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.8% versus the adjusted value.
Offer position
Max allowable offer
$14,589
Offer $/acre
$6,881/ac
Projected profit
$7,659
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-531529 | 1.5 | Mar 19, 2026 | $20,300 | 13,446 | 11,073 | 77 |
| IN-590236 | 0.6 | Jul 27, 2026 | $7,900 | 13,405 | 13,301 | 71 |
| IN-714371 | 11.9 | Jul 27, 2026 | $132,000 | 11,128 | 12,065 | 66 |
| IN-993894 | 8.4 | Jan 11, 2025 | $81,500 | 9,708 | 9,342 | 63 |
| IN-163931 | 8.6 | Sep 20, 2025 | $139,300 | 16,155 | 14,487 | 58 |
| IN-844354 | 11.7 | Mar 3, 2025 | $98,900 | 8,442 | 12,238 | 53 |
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.