Comparable sales & offer analysis
Parcel IN-985746
Sullivan County, IN · 32.12 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$216,300
Adjusted value
$319,407
Value range
$240,576–$398,238
Comp $/acre
$9,944/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -32.3% versus the adjusted value.
Offer position
Max allowable offer
$182,518
Offer $/acre
$5,682/ac
Projected profit
$95,822
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-335478 | 26.4 | Feb 7, 2026 | $355,900 | 13,454 | 10,860 | 79 |
| IN-576464 | 54.0 | Jul 27, 2026 | $373,900 | 6,920 | 7,593 | 77 |
| IN-805511 | 27.1 | Mar 23, 2024 | $300,600 | 11,095 | 11,948 | 74 |
| IN-594732 | 15.4 | Jan 27, 2026 | $249,800 | 16,209 | 12,820 | 72 |
| IN-324246 | 10.8 | Aug 19, 2025 | $73,800 | 6,811 | 6,163 | 66 |
| IN-214253 | 10.9 | Jul 21, 2025 | $206,100 | 18,929 | 12,119 | 64 |
| IN-584442 | 12.5 | Jul 28, 2024 | $78,300 | 6,273 | 7,581 | 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.