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Elkhart County, IN · Sold

IN-268438

3278 County Road 268

$556,100
$2,463/ac · 226 ac
Acreage226 ac
Price per acre$2,463/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedFeb 27, 2024
Coordinates41.6658, -85.9648
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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
36
Moderate risk
Wetlands10.3% of tract

Little to no mapped wetland coverage.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power1,622 ft away

Service extension needed; get a utility quote.

Buildable area192.39 of 225.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$649,153
$545,207$753,100 · $2,875/ac on 226 ac
Asking vs estimate
-14.3%
Priced below the comp set

Weighted from 9 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 $556,100
Maximum allowable offer
$370,945
$1,643/ac · +30.0% target margin

You need $185,155 off asking to hit this margin.

All-in cost$402,475
Net resale$597,221
Projected profit$194,746
ROI+48.4%
Annualized+69.2%
Break-even resale$1,938/ac
Profit if resale lands off target
-20%
$75,301
-10%
$135,024
0%
$194,746
+10%
$254,468
+20%
$314,190
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-658439
Landlocked · Off grid
225.9Mar 18, 2026$737,3003,2633,3205.2 mi
92
IN-108284
Dirt · Full utilities
201.9Jul 27, 2026$900,0004,4572,3857.8 mi
87
IN-478258
Landlocked · Power at road
198.2Nov 9, 2025$513,3002,5902,1917.0 mi
83
IN-466849
Gravel · Off grid
71.4Jun 3, 2026$420,3005,8863,0021.3 mi
73
IN-577749
Paved · Power at road
137.1Jan 2, 2026$923,2006,7362,9548.8 mi
70
IN-628176
Paved · Power at road
186.7Sep 9, 2024$874,1004,6812,3517.1 mi
70
IN-309396
Paved · Off grid
451.9Dec 10, 2025$1,869,1004,1363,00211.7 mi
68
IN-366806
Paved · Power at road
69.2Jul 27, 2026$681,9009,8513,5729.9 mi
66
IN-137011
Dirt · Power at road
80.3Dec 2, 2025$498,0006,2013,2786.2 mi
65
Show adjustment detail for the top comp
  • Market time (5 mo)+1.7%

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.