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Daviess County, IN · Sold

IN-597374

5477 County Road 322

$886,000
$8,483/ac · 104 ac
Acreage104 ac
Price per acre$8,483/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedDec 13, 2023
Coordinates38.7716, -87.1490
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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

2 items to verify before you offer.

Risk index
18
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,448 ft away

Service extension needed; get a utility quote.

Buildable area97.64 of 104.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,127,635
$908,865$1,346,405 · $10,796/ac on 104 ac
Asking vs estimate
-21.4%
Priced below the comp set

Weighted from 6 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 $886,000
Maximum allowable offer
$644,363
$6,169/ac · +30.0% target margin

You need $241,637 off asking to hit this margin.

All-in cost$699,134
Net resale$1,037,424
Projected profit$338,290
ROI+48.4%
Annualized+69.2%
Break-even resale$7,276/ac
Profit if resale lands off target
-20%
$130,805
-10%
$234,548
0%
$338,290
+10%
$442,033
+20%
$545,775
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-787270
Dirt · Off grid
96.9Feb 27, 2026$935,0009,65213,2532.6 mi
85
IN-427543
Landlocked · Off grid
118.1Aug 4, 2025$723,8006,13111,4484.9 mi
83
IN-987543
Paved · Full utilities
118.1Jun 25, 2025$1,193,10010,1067,6101.8 mi
81
IN-707043
Paved · Off grid
82.2Feb 12, 2025$1,078,80013,12713,1729.5 mi
73
IN-638869
Gravel · Off grid
308.5Jul 27, 2026$1,811,5005,8729,3315.4 mi
72
IN-765728
Dirt · Off grid
31.7Jul 27, 2026$286,3009,0319,68013.4 mi
66
Show adjustment detail for the top comp
  • Tract size (96.87 ac → 104.45 ac)-1.8%
  • Access (Dirt → Paved)+37.2%
  • Market time (6 mo)+1.9%

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.