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Daviess County, IN · Sold

IN-189424

2953 County Road 1

$3,318,000
$7,194/ac · 461 ac
Acreage461 ac
Price per acre$7,194/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedDec 13, 2024
Coordinates38.7486, -86.9787
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

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

5 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands18.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power140 ft away

Power at or near the road.

Buildable area355.32 of 461.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,959,104
$2,386,669$3,531,540 · $6,416/ac on 461 ac
Asking vs estimate
+12.1%
Priced above 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 $3,318,000
Maximum allowable offer
$1,690,917
$3,666/ac · +30.0% target margin

You need $1,627,083 off asking to hit this margin.

All-in cost$1,834,645
Net resale$2,722,376
Projected profit$887,731
ROI+48.4%
Annualized+69.2%
Break-even resale$4,324/ac
Profit if resale lands off target
-20%
$343,256
-10%
$615,494
0%
$887,731
+10%
$1,159,969
+20%
$1,432,206
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-638869
Gravel · Off grid
308.5Jul 27, 2026$1,811,5005,8726,1469.2 mi
83
IN-139244
Gravel · Off grid
404.8Jan 29, 2026$1,968,4004,8635,6278.9 mi
79
IN-787270
Dirt · Off grid
96.9Feb 27, 2026$935,0009,6528,7297.2 mi
61
IN-427543
Landlocked · Off grid
118.1Aug 4, 2025$723,8006,1317,5408.7 mi
58
IN-987543
Paved · Full utilities
118.1Jun 25, 2025$1,193,10010,1065,01210.1 mi
56
IN-597374
Paved · Off grid
104.5May 12, 2024$811,6007,7705,6049.3 mi
51
Show adjustment detail for the top comp
  • Tract size (308.51 ac → 461.19 ac)-11.2%
  • Utilities (Off grid → Power at road)+17.6%

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.