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Boone County, IN · Sold

IN-483531

4749 County Road 178

$68,400
$10,605/ac · 6.45 ac
Acreage6.45 ac
Price per acre$10,605/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedSep 28, 2023
Coordinates40.0808, -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

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands2.4% of tract

Little to no mapped wetland coverage.

Average slope5.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

211 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.98 of 6.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$84,391
$60,958$107,824 · $13,084/ac on 6.45 ac
Asking vs estimate
-18.9%
Priced below the comp set

Weighted from 7 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 $68,400
Maximum allowable offer
$48,223
$7,476/ac · +30.0% target margin

You need $20,177 off asking to hit this margin.

All-in cost$52,322
Net resale$77,640
Projected profit$25,318
ROI+48.4%
Annualized+69.3%
Break-even resale$8,817/ac
Profit if resale lands off target
-20%
$9,790
-10%
$17,554
0%
$25,318
+10%
$33,082
+20%
$40,846
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-734213
Dirt · Power at road
10.6Jul 11, 2026$106,90010,10612,8123.2 mi
81
IN-805101
Gravel · Power at road
20.1Jul 27, 2026$186,3009,25310,7746.2 mi
73
IN-982501
Gravel · Off grid
3.1Apr 23, 2026$25,1008,2029,9423.6 mi
72
IN-762779
Gravel · Full utilities
3.7Mar 27, 2025$53,00014,16412,5762.6 mi
71
IN-312711
Landlocked · Power at road
3.6Oct 25, 2024$19,3005,4098,7454.7 mi
69
IN-403016
Gravel · Power at road
4.4Jul 4, 2024$74,90016,87918,9372.7 mi
68
IN-714183
Gravel · Power at road
10.3May 10, 2025$166,10016,04418,3166.3 mi
68
Show adjustment detail for the top comp
  • Tract size (10.58 ac → 6.45 ac)+3.5%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (1 mo)+0.4%

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.