Comparable sales & offer analysis
Parcel IN-494488
Ripley County, IN · 12.91 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$151,200
Adjusted value
$123,633
Value range
$93,788–$153,477
Comp $/acre
$9,577/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +22.3% versus the adjusted value.
Offer position
Max allowable offer
$70,647
Offer $/acre
$5,472/ac
Projected profit
$37,090
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-714371 | 11.9 | Jul 27, 2026 | $132,000 | 11,128 | 10,997 | 83 |
| IN-715117 | 20.4 | Oct 12, 2025 | $179,500 | 8,814 | 11,230 | 73 |
| IN-163931 | 8.6 | Sep 20, 2025 | $139,300 | 16,155 | 13,205 | 72 |
| IN-844354 | 11.7 | Mar 3, 2025 | $98,900 | 8,442 | 11,155 | 72 |
| IN-475607 | 29.0 | Jul 27, 2026 | $101,200 | 3,484 | 5,719 | 72 |
| IN-395311 | 23.4 | Mar 3, 2026 | $165,900 | 7,079 | 7,691 | 71 |
| IN-175437 | 25.7 | Dec 9, 2025 | $303,800 | 11,829 | 11,303 | 70 |
| IN-675681 | 30.6 | Nov 3, 2025 | $197,200 | 6,437 | 6,347 | 68 |
| IN-993894 | 8.4 | Jan 11, 2025 | $81,500 | 9,708 | 8,515 | 68 |
| IN-726070 | 40.6 | Jul 6, 2026 | $248,600 | 6,121 | 9,065 | 68 |
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.