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Elkhart County, IN · Sold

IN-420374

3483 County Road 253

$4,900
$7,424/ac · 0.66 ac
Acreage0.66 ac
Price per acre$7,424/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedJul 13, 2024
Coordinates41.5691, -85.8510
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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

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

View Elkhart market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands11.3% of tract

Little to no mapped wetland coverage.

Average slope7.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power208 ft away

Power at or near the road.

Buildable area0.56 of 0.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,295
$5,523$9,066 · $11,053/ac on 0.66 ac
Asking vs estimate
-32.8%
Priced below 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 $4,900
Maximum allowable offer
$4,168
$6,316/ac · +30.0% target margin

You need $732 off asking to hit this margin.

All-in cost$4,522
Net resale$6,711
Projected profit$2,189
ROI+48.4%
Annualized+69.3%
Break-even resale$7,448/ac
Profit if resale lands off target
-20%
$847
-10%
$1,518
0%
$2,189
+10%
$2,860
+20%
$3,531
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-181290
Dirt · Off grid
1.3Sep 23, 2025$10,9008,58312,2595.3 mi
72
IN-943280
Dirt · Off grid
5.4Jul 27, 2026$28,4005,2867,5871.8 mi
65
IN-301554
Landlocked · Full utilities
1.5Jun 25, 2025$18,50012,03515,3414.9 mi
64
IN-523663
Paved · Power at road
7.1Feb 10, 2025$67,6009,5189,1182.4 mi
60
IN-953293
Dirt · Off grid
5.4Feb 18, 2025$38,1007,01610,6805.0 mi
58
Show adjustment detail for the top comp
  • Tract size (1.27 ac → 0.66 ac)+0.6%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (11 mo)+3.8%

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.