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Elkhart County, IN · Sold

IN-255222

972 County Road 227

$205,800
$9,367/ac · 21.97 ac
Acreage21.97 ac
Price per acre$9,367/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedMar 12, 2025
Coordinates41.6033, -85.9572
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

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

2 items to verify before you offer.

Risk index
25
Low risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope31.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

658 ft of deeded road frontage.

Power187 ft away

Power at or near the road.

Buildable area13.02 of 21.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$198,285
$150,496$246,073 · $9,025/ac on 21.97 ac
Asking vs estimate
+3.8%
In line with the comp set

Weighted from 10 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 $205,800
Maximum allowable offer
$113,305
$5,157/ac · +30.0% target margin

You need $92,495 off asking to hit this margin.

All-in cost$122,936
Net resale$182,422
Projected profit$59,486
ROI+48.4%
Annualized+69.3%
Break-even resale$6,082/ac
Profit if resale lands off target
-20%
$23,001
-10%
$41,244
0%
$59,486
+10%
$77,728
+20%
$95,970
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-764974
Gravel · Power at road
18.4May 6, 2026$118,5006,4566,3829.1 mi
82
IN-596098
Landlocked · Off grid
41.5Jul 27, 2026$142,6003,4406,6052.4 mi
77
IN-366806
Paved · Power at road
69.2Jul 27, 2026$681,9009,85110,2905.6 mi
76
IN-144640
Gravel · Power at road
14.4Apr 14, 2025$156,20010,84010,88710.6 mi
75
IN-765483
Gravel · Off grid
26.6Nov 22, 2024$214,8008,09210,4917.7 mi
72
IN-466849
Gravel · Off grid
71.4Jun 3, 2026$420,3005,8868,6493.0 mi
72
IN-884187
Gravel · Power at road
10.4Oct 28, 2024$78,2007,5367,4778.4 mi
70
IN-544328
Gravel · Power at road
11.5Jul 25, 2024$157,40013,68713,8379.4 mi
66
IN-996657
Paved · Power at road
62.1Jul 5, 2024$475,6007,6548,4825.4 mi
64
IN-523663
Paved · Power at road
7.1Feb 10, 2025$67,6009,5187,7014.3 mi
62
Show adjustment detail for the top comp
  • Tract size (18.36 ac → 21.97 ac)-2.3%
  • Market time (3 mo)+1.2%

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.