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Boone County, IN · Sold

IN-366514

5551 County Road 160

$542,400
$9,682/ac · 56.02 ac
Acreage56.02 ac
Price per acre$9,682/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedMay 30, 2025
Coordinates40.0925, -86.4737
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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
24
Low risk
Wetlands17.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

722 ft of deeded road frontage.

Power8,580 ft away

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

Buildable area43.75 of 56.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$461,128
$360,592$561,664 · $8,231/ac on 56.02 ac
Asking vs estimate
+17.6%
Priced above 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 $542,400
Maximum allowable offer
$263,502
$4,704/ac · +30.0% target margin

You need $278,898 off asking to hit this margin.

All-in cost$285,900
Net resale$424,238
Projected profit$138,338
ROI+48.4%
Annualized+69.2%
Break-even resale$5,547/ac
Profit if resale lands off target
-20%
$53,491
-10%
$95,914
0%
$138,338
+10%
$180,762
+20%
$223,186
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-455949
Landlocked · Off grid
37.2Jul 27, 2026$255,3006,8609,3445.7 mi
80
IN-235928
Gravel · Off grid
36.6Feb 24, 2026$379,90010,3689,7444.6 mi
79
IN-805101
Gravel · Power at road
20.1Jul 27, 2026$186,3009,2536,6326.6 mi
77
IN-995656
Gravel · Full utilities
30.1Jul 27, 2026$441,90014,6859,1428.5 mi
76
IN-336868
Landlocked · Power at road
72.4Aug 17, 2025$275,4003,8035,2373.1 mi
75
IN-917963
Dirt · Off grid
160.0Jul 27, 2026$1,172,7007,32811,0053.1 mi
74
IN-575862
Dirt · Power at road
34.9Nov 4, 2024$241,2006,9066,7053.3 mi
67
IN-107836
Gravel · Power at road
146.0Jul 25, 2025$861,4005,9016,5883.8 mi
67
IN-527479
Landlocked · Off grid
112.7May 30, 2024$595,4005,2829,9837.8 mi
67
IN-557612
Gravel · Power at road
124.1Feb 19, 2024$839,2006,7627,6511.7 mi
65
Show adjustment detail for the top comp
  • Tract size (37.21 ac → 56.02 ac)-7.6%
  • Access (Landlocked → Gravel)+47.1%

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.