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Elkhart County, IN · Sold

IN-144640

5185 County Road 208

$167,600
$11,631/ac · 14.41 ac
Acreage14.41 ac
Price per acre$11,631/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedFeb 23, 2024
Coordinates41.6682, -85.7721
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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

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands16.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.3%

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.

Power125 ft away

Power at or near the road.

Buildable area11.38 of 14.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$131,238
$95,101$167,376 · $9,107/ac on 14.41 ac
Asking vs estimate
+27.7%
Priced above 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 $167,600
Maximum allowable offer
$74,993
$5,204/ac · +30.0% target margin

You need $92,607 off asking to hit this margin.

All-in cost$81,367
Net resale$120,739
Projected profit$39,372
ROI+48.4%
Annualized+69.3%
Break-even resale$6,138/ac
Profit if resale lands off target
-20%
$15,224
-10%
$27,298
0%
$39,372
+10%
$51,446
+20%
$63,520
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-764974
Gravel · Power at road
18.4May 6, 2026$118,5006,4566,7121.8 mi
86
IN-255222
Gravel · Power at road
22.0Dec 17, 2025$213,6009,72310,50910.6 mi
79
IN-884187
Gravel · Power at road
10.4Oct 28, 2024$78,2007,5367,8623.9 mi
79
IN-544328
Gravel · Power at road
11.5Jul 25, 2024$157,40013,68714,5511.2 mi
77
IN-943280
Dirt · Off grid
5.4Jul 27, 2026$28,4005,2866,7399.6 mi
68
IN-596098
Landlocked · Off grid
41.5Jul 27, 2026$142,6003,4406,9469.4 mi
68
IN-765483
Gravel · Off grid
26.6Nov 22, 2024$214,8008,09211,0329.9 mi
64
IN-523663
Paved · Power at road
7.1Feb 10, 2025$67,6009,5188,0989.8 mi
63
IN-953293
Dirt · Off grid
5.4Feb 18, 2025$38,1007,0169,4864.4 mi
62
Show adjustment detail for the top comp
  • Tract size (18.36 ac → 14.41 ac)+2.8%
  • 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.