Comparable sales & offer analysis
Parcel IN-346846
Ripley County, IN · 71.25 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$494,800
Adjusted value
$494,368
Value range
$377,298–$611,438
Comp $/acre
$6,938/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +0.1% versus the adjusted value.
Offer position
Max allowable offer
$282,496
Offer $/acre
$3,965/ac
Projected profit
$148,310
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-946864 | 72.2 | Jul 27, 2026 | $444,700 | 6,160 | 4,486 | 86 |
| IN-596751 | 66.5 | Jul 27, 2026 | $534,400 | 8,033 | 6,777 | 85 |
| IN-796700 | 64.1 | May 30, 2026 | $562,900 | 8,781 | 8,601 | 80 |
| IN-726070 | 40.6 | Jul 6, 2026 | $248,600 | 6,121 | 6,887 | 77 |
| IN-475607 | 29.0 | Jul 27, 2026 | $101,200 | 3,484 | 4,345 | 77 |
| IN-336291 | 47.7 | May 15, 2026 | $345,000 | 7,238 | 7,857 | 76 |
| IN-857616 | 124.5 | Oct 21, 2025 | $825,300 | 6,631 | 7,894 | 73 |
| IN-216418 | 52.3 | Sep 18, 2025 | $419,500 | 8,026 | 9,798 | 72 |
| IN-395311 | 23.4 | Mar 3, 2026 | $165,900 | 7,079 | 5,843 | 72 |
| IN-206359 | 50.1 | May 7, 2024 | $363,000 | 7,250 | 7,320 | 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.