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Allen County, IN · Sold

IN-902038

4299 County Road 138

$13,900
$6,347/ac · 2.19 ac
Acreage2.19 ac
Price per acre$6,347/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedJul 9, 2025
Coordinates41.1303, -85.1218
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Allen County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Allen market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
26
Low risk
Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope23.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

249 ft of deeded road frontage.

Power6,662 ft away

A long utility run — price in solar/off-grid instead.

Buildable area1.30 of 2.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,758
$11,994$19,522 · $7,195/ac on 2.19 ac
Asking vs estimate
-11.8%
Priced below the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $13,900
Maximum allowable offer
$9,005
$4,112/ac · +30.0% target margin

You need $4,895 off asking to hit this margin.

All-in cost$9,770
Net resale$14,497
Projected profit$4,727
ROI+48.4%
Annualized+69.2%
Break-even resale$4,849/ac
Profit if resale lands off target
-20%
$1,827
-10%
$3,277
0%
$4,727
+10%
$6,177
+20%
$7,626
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-672426
Gravel · Power at road
2.9Jul 27, 2026$16,8005,8055,8762.3 mi
83
IN-671254
Gravel · Power at road
1.2Jul 27, 2026$6,1004,9114,8901.2 mi
79
IN-291673
Dirt · Off grid
1.7Dec 16, 2024$7,7004,5606,6604.3 mi
77
IN-670840
Dirt · Off grid
0.9Mar 27, 2026$5,6006,0338,3051.1 mi
74
IN-552067
Landlocked · Power at road
2.2Nov 10, 2024$15,3006,88110,9057.0 mi
74
IN-523589
Gravel · Power at road
6.7Jul 27, 2026$40,6006,0276,3196.1 mi
74
IN-752276
Landlocked · Power at road
2.6Jan 30, 2025$15,1005,8229,1803.3 mi
74
IN-630349
Dirt · Off grid
0.6Jul 27, 2026$2,8004,3055,8276.3 mi
70
IN-353080
Dirt · Power at road
4.7Feb 4, 2026$28,6006,1287,4815.7 mi
69
IN-210788
Dirt · Off grid
0.9Oct 27, 2025$4,3004,8556,7944.7 mi
68
Show adjustment detail for the top comp
  • Tract size (2.9 ac → 2.19 ac)+0.7%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Off grid)-15.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.