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Daviess County, IN · Sold

IN-592021

3849 County Road 156

$32,200
$14,907/ac · 2.16 ac
Acreage2.16 ac
Price per acre$14,907/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedFeb 25, 2025
Coordinates38.6370, -87.1428
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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

Daviess County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Daviess market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands32.3% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

229 ft of deeded road frontage.

Power135 ft away

Power at or near the road.

Buildable area1.39 of 2.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$31,506
$25,856$37,155 · $14,586/ac on 2.16 ac
Asking vs estimate
+2.2%
In line with the comp set

Weighted from 5 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 $32,200
Maximum allowable offer
$18,003
$8,335/ac · +30.0% target margin

You need $14,197 off asking to hit this margin.

All-in cost$19,533
Net resale$28,985
Projected profit$9,452
ROI+48.4%
Annualized+69.3%
Break-even resale$9,830/ac
Profit if resale lands off target
-20%
$3,655
-10%
$6,554
0%
$9,452
+10%
$12,351
+20%
$15,249
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-292311
Dirt · Full utilities
2.7Jul 27, 2026$30,30011,35610,9028.1 mi
80
IN-890773
Dirt · Off grid
0.9Jul 4, 2026$11,60013,18217,88610.9 mi
68
IN-943004
Landlocked · Full utilities
4.4Jun 20, 2024$53,00012,01416,1384.1 mi
62
IN-620802
Landlocked · Off grid
0.9Sep 2, 2024$6,2006,95112,8452.8 mi
62
IN-850843
Landlocked · Off grid
0.9Feb 21, 2025$8,1008,78315,9408.9 mi
60
Show adjustment detail for the top comp
  • Tract size (2.67 ac → 2.16 ac)+0.5%
  • Access (Dirt → Gravel)+16.3%
  • 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.