Comparable sales & offer analysis
Parcel IN-282201
Sullivan County, IN · 2.46 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$24,200
Adjusted value
$35,946
Value range
$26,663–$45,229
Comp $/acre
$14,612/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -32.7% versus the adjusted value.
Offer position
Max allowable offer
$20,541
Offer $/acre
$8,350/ac
Projected profit
$10,784
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-862984 | 4.3 | Jan 28, 2026 | $25,000 | 5,755 | 8,549 | 78 |
| IN-973210 | 5.1 | Jul 27, 2026 | $66,100 | 12,907 | 19,146 | 77 |
| IN-983627 | 6.9 | Jul 27, 2026 | $100,000 | 14,448 | 18,511 | 73 |
| IN-943661 | 7.1 | Jul 27, 2026 | $62,500 | 8,817 | 13,310 | 71 |
| IN-993812 | 7.9 | Nov 28, 2025 | $112,500 | 14,227 | 16,007 | 62 |
| IN-243854 | 8.2 | Apr 28, 2025 | $81,500 | 9,986 | 16,003 | 62 |
| IN-413717 | 7.4 | Aug 24, 2024 | $56,700 | 7,672 | 10,630 | 61 |
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.