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Boone County, IN · Sold

IN-171538

7275 County Road 28

$20,400
$13,421/ac · 1.52 ac
Acreage1.52 ac
Price per acre$13,421/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMar 25, 2025
Coordinates40.1046, -86.4640
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

4 items to verify before you offer.

Risk index
51
Moderate risk
Wetlands43.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power14 ft away

Power at or near the road.

Buildable area0.82 of 1.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$18,656
$14,520$22,792 · $12,274/ac on 1.52 ac
Asking vs estimate
+9.3%
Priced above the comp set

Weighted from 9 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 $20,400
Maximum allowable offer
$10,661
$7,014/ac · +30.0% target margin

You need $9,739 off asking to hit this margin.

All-in cost$11,567
Net resale$17,164
Projected profit$5,596
ROI+48.4%
Annualized+69.2%
Break-even resale$8,272/ac
Profit if resale lands off target
-20%
$2,164
-10%
$3,880
0%
$5,596
+10%
$7,313
+20%
$9,029
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-111686
Dirt · Off grid
1.7Jul 20, 2026$16,4009,61811,3706.0 mi
86
IN-711615
Landlocked · Full utilities
1.6Jun 21, 2024$18,50011,49213,0026.2 mi
76
IN-360347
Paved · Power at road
0.6Jul 3, 2026$12,50019,46714,1302.5 mi
75
IN-731212
Gravel · Power at road
1.2Jul 6, 2025$17,70014,77513,2566.0 mi
75
IN-982501
Gravel · Off grid
3.1Apr 23, 2026$25,1008,2028,5374.3 mi
72
IN-460238
Gravel · Power at road
0.6Feb 28, 2026$10,60017,95115,5872.0 mi
72
IN-762779
Gravel · Full utilities
3.7Mar 27, 2025$53,00014,16410,7994.1 mi
68
IN-312711
Landlocked · Power at road
3.6Oct 25, 2024$19,3005,4097,5094.6 mi
63
IN-403016
Gravel · Power at road
4.4Jul 4, 2024$74,90016,87916,2614.1 mi
61
Show adjustment detail for the top comp
  • 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.