Comparable sales & offer analysis
Parcel IN-395311
Ripley County, IN · 23.44 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$156,400
Adjusted value
$201,180
Value range
$152,041–$250,320
Comp $/acre
$8,583/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
$114,960
Offer $/acre
$4,904/ac
Projected profit
$60,354
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-475607 | 29.0 | Jul 27, 2026 | $101,200 | 3,484 | 5,394 | 86 |
| IN-714371 | 11.9 | Jul 27, 2026 | $132,000 | 11,128 | 10,372 | 80 |
| IN-175437 | 25.7 | Dec 9, 2025 | $303,800 | 11,829 | 10,661 | 80 |
| IN-726070 | 40.6 | Jul 6, 2026 | $248,600 | 6,121 | 8,549 | 79 |
| IN-715117 | 20.4 | Oct 12, 2025 | $179,500 | 8,814 | 10,591 | 77 |
| IN-336291 | 47.7 | May 15, 2026 | $345,000 | 7,238 | 9,753 | 74 |
| IN-675681 | 30.6 | Nov 3, 2025 | $197,200 | 6,437 | 5,986 | 73 |
| IN-946864 | 72.2 | Jul 27, 2026 | $444,700 | 6,160 | 5,568 | 73 |
| IN-596751 | 66.5 | Jul 27, 2026 | $534,400 | 8,033 | 8,412 | 71 |
| IN-796700 | 64.1 | May 30, 2026 | $562,900 | 8,781 | 10,677 | 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.