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Boone County, IN · Sold

IN-403016

9789 County Road 138

$74,200
$16,712/ac · 4.44 ac
Acreage4.44 ac
Price per acre$16,712/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedOct 16, 2023
Coordinates40.0511, -86.4312
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
7
Low risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope1.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

261 ft of deeded road frontage.

Power45 ft away

Power at or near the road.

Buildable area3.83 of 4.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$55,352
$43,594$67,111 · $12,467/ac on 4.44 ac
Asking vs estimate
+34.1%
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 $74,200
Maximum allowable offer
$31,630
$7,124/ac · +30.0% target margin

You need $42,570 off asking to hit this margin.

All-in cost$34,319
Net resale$50,924
Projected profit$16,606
ROI+48.4%
Annualized+69.2%
Break-even resale$8,402/ac
Profit if resale lands off target
-20%
$6,421
-10%
$11,513
0%
$16,606
+10%
$21,698
+20%
$26,791
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-982501
Gravel · Off grid
3.1Apr 23, 2026$25,1008,2029,6492.1 mi
81
IN-762779
Gravel · Full utilities
3.7Mar 27, 2025$53,00014,16412,2063.1 mi
77
IN-111686
Dirt · Off grid
1.7Jul 20, 2026$16,4009,61812,8523.4 mi
77
IN-734213
Dirt · Power at road
10.6Jul 11, 2026$106,90010,10612,4354.3 mi
74
IN-312711
Landlocked · Power at road
3.6Oct 25, 2024$19,3005,4098,4874.1 mi
73
IN-171538
Dirt · Power at road
1.5Feb 3, 2026$19,20012,64314,6084.1 mi
69
IN-483531
Dirt · Full utilities
6.5Feb 24, 2024$64,4009,99010,7042.7 mi
67
IN-714183
Gravel · Power at road
10.3May 10, 2025$166,10016,04417,7777.4 mi
67
IN-711615
Landlocked · Full utilities
1.6Jun 21, 2024$18,50011,49214,6965.8 mi
58
Show adjustment detail for the top comp
  • Tract size (3.06 ac → 4.44 ac)-1.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (4 mo)+1.3%

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.