Elkhart County, IN · Sold

IN-884187

3983 County Road 302

$87,400

$8,420/ac · 10.38 ac

Offer report Market this tract

Acreage10.38 ac

Price per acre$8,420/ac

ZoningResidential

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedAug 27, 2024

Coordinates41.6149, -85.7955

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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

Low risk

Wetlands12.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

596 ft of deeded road frontage.

Power56 ft away

Power at or near the road.

Buildable area8.59 of 10.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$105,193

$78,108 – $132,279 · $10,134/ac on 10.38 ac

Asking vs estimate

-16.9%

Priced below the comp set

Weighted from 8 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 $87,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$60,110

$5,791/ac · +30.0% target margin

You need $27,290 off asking to hit this margin.

All-in cost$65,219

Net resale$96,778

Projected profit$31,558

ROI+48.4%

Annualized+69.3%

Break-even resale$6,830/ac

Profit if resale lands off target

-20%

$12,203

-10%

$21,881

$31,558

+10%

$41,236

+20%

$50,914

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-144640 Gravel · Power at road	14.4	Apr 14, 2025	$156,200	10,840	11,803	3.9 mi	80
IN-764974 Gravel · Power at road	18.4	May 6, 2026	$118,500	6,456	6,919	4.0 mi	79
IN-544328 Gravel · Power at road	11.5	Jul 25, 2024	$157,400	13,687	15,001	3.4 mi	78
IN-255222 Gravel · Power at road	22.0	Dec 17, 2025	$213,600	9,723	10,834	8.4 mi	76
IN-943280 Dirt · Off grid	5.4	Jul 27, 2026	$28,400	5,286	6,947	6.0 mi	74
IN-523663 Paved · Power at road	7.1	Feb 10, 2025	$67,600	9,518	8,348	6.4 mi	71
IN-953293 Dirt · Off grid	5.4	Feb 18, 2025	$38,100	7,016	9,780	1.7 mi	67
IN-765483 Gravel · Off grid	26.6	Nov 22, 2024	$214,800	8,092	11,373	6.0 mi	63

Show adjustment detail for the top comp

Tract size (14.41 ac → 10.38 ac)+3.1%
Market time (16 mo)+5.6%

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.

Build the listing kit Post a deal or JV