Boone County, IN · Sold

IN-805101

2418 County Road 357

$177,900

$8,838/ac · 20.13 ac

Offer report Market this tract

Acreage20.13 ac

Price per acre$8,838/ac

ZoningUnzoned

Road accessGravel

UtilitiesPower at road

TopographyFlat

ListedApr 19, 2026

Coordinates40.0047, -86.5246

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands28.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

594 ft of deeded road frontage.

Power63 ft away

Power at or near the road.

Buildable area13.60 of 20.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$248,178

$208,593 – $287,763 · $12,329/ac on 20.13 ac

Asking vs estimate

-28.3%

Priced below the comp set

Weighted from 8 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 $177,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$141,816

$7,045/ac · +30.0% target margin

You need $36,084 off asking to hit this margin.

All-in cost$153,870

Net resale$228,324

Projected profit$74,453

ROI+48.4%

Annualized+69.2%

Break-even resale$8,309/ac

Profit if resale lands off target

-20%

$28,789

-10%

$51,621

$74,453

+10%

$97,286

+20%

$120,118

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-995656 Gravel · Full utilities	30.1	Jul 27, 2026	$441,900	14,685	12,784	2.1 mi	83
IN-455949 Landlocked · Off grid	37.2	Jul 27, 2026	$255,300	6,860	13,066	2.8 mi	77
IN-734213 Dirt · Power at road	10.6	Jul 11, 2026	$106,900	10,106	11,027	9.3 mi	74
IN-235928 Gravel · Off grid	36.6	Feb 24, 2026	$379,900	10,368	13,626	5.9 mi	74
IN-714183 Gravel · Power at road	10.3	May 10, 2025	$166,100	16,044	15,764	3.5 mi	72
IN-366514 Gravel · Off grid	56.0	Jul 29, 2025	$488,200	8,714	12,722	6.6 mi	70
IN-575862 Dirt · Power at road	34.9	Nov 4, 2024	$241,200	6,906	9,375	5.6 mi	67
IN-483531 Dirt · Full utilities	6.5	Feb 24, 2024	$64,400	9,990	9,492	6.2 mi	60

Show adjustment detail for the top comp

Tract size (30.09 ac → 20.13 ac)+6.0%
Utilities (Full utilities → Power at road)-18.0%

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.

Build the listing kit Post a deal or JV