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Boone County, IN · Sold

IN-711615

343 County Road 173

$19,600
$12,174/ac · 1.61 ac
Acreage1.61 ac
Price per acre$12,174/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedJan 29, 2024
Coordinates40.0345, -86.5386
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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
39
Moderate risk
Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area1.28 of 1.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$18,964
$14,778$23,149 · $11,779/ac on 1.61 ac
Asking vs estimate
+3.4%
In line with 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 $19,600
Maximum allowable offer
$10,837
$6,731/ac · +30.0% target margin

You need $8,763 off asking to hit this margin.

All-in cost$11,758
Net resale$17,447
Projected profit$5,689
ROI+48.4%
Annualized+69.2%
Break-even resale$7,938/ac
Profit if resale lands off target
-20%
$2,199
-10%
$3,944
0%
$5,689
+10%
$7,433
+20%
$9,178
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-171538
Dirt · Power at road
1.5Feb 3, 2026$19,20012,64312,4566.2 mi
84
IN-111686
Dirt · Off grid
1.7Jul 20, 2026$16,4009,61810,9589.2 mi
82
IN-762779
Gravel · Full utilities
3.7Mar 27, 2025$53,00014,16410,4082.7 mi
71
IN-982501
Gravel · Off grid
3.1Apr 23, 2026$25,1008,2028,2277.8 mi
71
IN-731212
Gravel · Power at road
1.2Jul 6, 2025$17,70014,77512,7768.9 mi
70
IN-360347
Paved · Power at road
0.6Jul 3, 2026$12,50019,46713,6188.4 mi
69
IN-460238
Gravel · Power at road
0.6Feb 28, 2026$10,60017,95115,0224.4 mi
68
IN-312711
Landlocked · Power at road
3.6Oct 25, 2024$19,3005,4097,2379.5 mi
62
IN-403016
Gravel · Power at road
4.4Jul 4, 2024$74,90016,87915,6725.8 mi
58
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (6 mo)+2.2%

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.