Comparable sales & offer analysis
Parcel IN-688111
Sullivan County, IN · 178 ac · Recreational · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$969,600
Adjusted value
$1,138,751
Value range
$966,889–$1,310,613
Comp $/acre
$6,392/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.9% versus the adjusted value.
Offer position
Max allowable offer
$650,715
Offer $/acre
$3,653/ac
Projected profit
$341,625
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-668108 | 177.8 | Jul 20, 2025 | $1,018,100 | 5,727 | 5,981 | 85 |
| IN-817622 | 125.0 | Jul 27, 2025 | $807,000 | 6,456 | 6,134 | 82 |
| IN-339663 | 548.4 | Jul 27, 2026 | $2,231,900 | 4,070 | 8,120 | 78 |
| IN-576464 | 54.0 | Jul 27, 2026 | $373,900 | 6,920 | 6,330 | 70 |
| IN-985746 | 32.1 | Aug 31, 2025 | $188,200 | 5,859 | 5,109 | 58 |
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.