Comparable sales & offer analysis
Parcel IN-308505
Ripley County, IN · 237 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$718,600
Adjusted value
$1,003,174
Value range
$722,285–$1,284,062
Comp $/acre
$4,233/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.4% versus the adjusted value.
Offer position
Max allowable offer
$573,242
Offer $/acre
$2,419/ac
Projected profit
$300,952
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-548759 | 284.9 | Apr 4, 2026 | $2,117,000 | 7,431 | 5,439 | 86 |
| IN-448852 | 304.7 | Jul 15, 2026 | $1,665,400 | 5,465 | 4,020 | 82 |
| IN-949438 | 465.9 | Jun 3, 2026 | $1,494,600 | 3,208 | 3,173 | 79 |
| IN-498890 | 313.2 | Jul 27, 2026 | $1,319,000 | 4,211 | 2,563 | 79 |
| IN-578355 | 212.6 | May 22, 2024 | $623,000 | 2,930 | 2,906 | 78 |
| IN-439245 | 405.1 | Sep 14, 2024 | $1,478,200 | 3,649 | 5,452 | 74 |
| IN-319998 | 699.0 | Jul 27, 2026 | $1,142,200 | 1,634 | 2,672 | 74 |
| IN-978572 | 248.8 | Jun 24, 2024 | $1,382,100 | 5,555 | 5,741 | 72 |
| IN-547838 | 146.2 | Mar 24, 2025 | $1,135,000 | 7,764 | 5,929 | 71 |
| IN-857616 | 124.5 | Oct 21, 2025 | $825,300 | 6,631 | 4,630 | 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.