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Boone County, IN · Sold

IN-982501

945 County Road 56

$26,900
$8,791/ac · 3.06 ac
Acreage3.06 ac
Price per acre$8,791/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedApr 3, 2025
Coordinates40.0686, -86.3985
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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope16.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

361 ft of deeded road frontage.

Power14,166 ft away

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

Buildable area2.30 of 3.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$35,994
$28,422$43,567 · $11,763/ac on 3.06 ac
Asking vs estimate
-25.3%
Priced below 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 $26,900
Maximum allowable offer
$20,568
$6,722/ac · +30.0% target margin

You need $6,332 off asking to hit this margin.

All-in cost$22,316
Net resale$33,115
Projected profit$10,799
ROI+48.4%
Annualized+69.3%
Break-even resale$7,927/ac
Profit if resale lands off target
-20%
$4,176
-10%
$7,487
0%
$10,799
+10%
$14,110
+20%
$17,421
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-111686
Dirt · Off grid
1.7Jul 20, 2026$16,4009,61811,0681.7 mi
81
IN-762779
Gravel · Full utilities
3.7Mar 27, 2025$53,00014,16410,5125.0 mi
76
IN-312711
Landlocked · Power at road
3.6Oct 25, 2024$19,3005,4097,3092.1 mi
74
IN-403016
Gravel · Power at road
4.4Jul 4, 2024$74,90016,87915,8282.1 mi
72
IN-171538
Dirt · Power at road
1.5Feb 3, 2026$19,20012,64312,5804.3 mi
71
IN-734213
Dirt · Power at road
10.6Jul 11, 2026$106,90010,10610,7093.2 mi
70
IN-731212
Gravel · Power at road
1.2Jul 6, 2025$17,70014,77512,9031.7 mi
68
IN-714183
Gravel · Power at road
10.3May 10, 2025$166,10016,04415,3099.3 mi
64
IN-483531
Dirt · Full utilities
6.5Feb 24, 2024$64,4009,9909,2183.6 mi
61
IN-711615
Landlocked · Full utilities
1.6Jun 21, 2024$18,50011,49212,6567.8 mi
61
Show adjustment detail for the top comp
  • Tract size (1.7 ac → 3.06 ac)-1.3%
  • Access (Dirt → Gravel)+16.3%

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.