Comparable sales & offer analysis
Parcel IN-973210
Sullivan County, IN · 5.12 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$72,300
Adjusted value
$50,390
Value range
$36,281–$64,500
Comp $/acre
$9,842/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +43.5% versus the adjusted value.
Offer position
Max allowable offer
$28,794
Offer $/acre
$5,624/ac
Projected profit
$15,117
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-943661 | 7.1 | Jul 27, 2026 | $62,500 | 8,817 | 8,993 | 89 |
| IN-983627 | 6.9 | Jul 27, 2026 | $100,000 | 14,448 | 12,506 | 83 |
| IN-862984 | 4.3 | Jan 28, 2026 | $25,000 | 5,755 | 5,777 | 81 |
| IN-282201 | 2.5 | Jul 27, 2026 | $20,900 | 8,490 | 5,780 | 78 |
| IN-243854 | 8.2 | Apr 28, 2025 | $81,500 | 9,986 | 10,815 | 74 |
| IN-594732 | 15.4 | Jan 27, 2026 | $249,800 | 16,209 | 15,303 | 74 |
| IN-993812 | 7.9 | Nov 28, 2025 | $112,500 | 14,227 | 10,816 | 73 |
| IN-413717 | 7.4 | Aug 24, 2024 | $56,700 | 7,672 | 7,184 | 71 |
| IN-214253 | 10.9 | Jul 21, 2025 | $206,100 | 18,929 | 14,468 | 67 |
| IN-324246 | 10.8 | Aug 19, 2025 | $73,800 | 6,811 | 7,358 | 67 |
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.