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Boone County, IN · Sold

IN-107836

815 County Road 348

$1,019,400
$6,984/ac · 146 ac
Acreage146 ac
Price per acre$6,984/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedDec 30, 2024
Coordinates40.1318, -86.4236
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

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

View Boone market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
10
Low risk
Wetlands7.8% of tract

Little to no mapped wetland coverage.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,332 ft of deeded road frontage.

Power199 ft away

Power at or near the road.

Buildable area127.86 of 145.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,145,024
$878,079$1,411,969 · $7,844/ac on 146 ac
Asking vs estimate
-11.0%
Priced below the comp set

Weighted from 6 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 $1,019,400
Maximum allowable offer
$654,300
$4,482/ac · +30.0% target margin

You need $365,100 off asking to hit this margin.

All-in cost$709,916
Net resale$1,053,422
Projected profit$343,507
ROI+48.4%
Annualized+69.2%
Break-even resale$5,286/ac
Profit if resale lands off target
-20%
$132,822
-10%
$238,165
0%
$343,507
+10%
$448,849
+20%
$554,191
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-917963
Dirt · Off grid
160.0Jul 27, 2026$1,172,7007,32810,2963.9 mi
86
IN-557612
Gravel · Power at road
124.1Feb 19, 2024$839,2006,7627,1594.5 mi
79
IN-219165
Paved · Off grid
382.3Jul 27, 2026$1,876,4004,9086,4407.6 mi
70
IN-336868
Landlocked · Power at road
72.4Aug 17, 2025$275,4003,8034,9006.8 mi
68
IN-366514
Gravel · Off grid
56.0Jul 29, 2025$488,2008,7148,5123.8 mi
67
IN-527479
Landlocked · Off grid
112.7May 30, 2024$595,4005,2829,34111.3 mi
65
Show adjustment detail for the top comp
  • Tract size (160.04 ac → 145.97 ac)+2.5%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%

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.