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Elkhart County, IN · Sold

IN-309396

136 County Road 338

$2,012,000
$4,452/ac · 452 ac
Acreage452 ac
Price per acre$4,452/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographyFlat
ListedJan 2, 2025
Coordinates41.5335, -85.8221
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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

5 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands26.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power10,134 ft away

A long utility run — price in solar/off-grid instead.

Buildable area313.84 of 451.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,713,711
$1,455,955$1,971,467 · $3,792/ac on 452 ac
Asking vs estimate
+17.4%
Priced above the comp set

Weighted from 6 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 $2,012,000
Maximum allowable offer
$979,263
$2,167/ac · +30.0% target margin

You need $1,032,737 off asking to hit this margin.

All-in cost$1,062,500
Net resale$1,576,614
Projected profit$514,114
ROI+48.4%
Annualized+69.2%
Break-even resale$2,555/ac
Profit if resale lands off target
-20%
$198,791
-10%
$356,452
0%
$514,114
+10%
$671,775
+20%
$829,437
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-108284
Dirt · Full utilities
201.9Jul 27, 2026$900,0004,4573,3794.2 mi
74
IN-658439
Landlocked · Off grid
225.9Mar 18, 2026$737,3003,2634,7057.9 mi
71
IN-628176
Paved · Power at road
186.7Sep 9, 2024$874,1004,6813,3314.7 mi
68
IN-577749
Paved · Power at road
137.1Jan 2, 2026$923,2006,7364,1857.0 mi
66
IN-478258
Landlocked · Power at road
198.2Nov 9, 2025$513,3002,5903,1047.4 mi
65
IN-268438
Landlocked · Off grid
225.8Jul 18, 2024$595,0002,6364,06011.7 mi
61
Show adjustment detail for the top comp
  • Tract size (201.94 ac → 451.93 ac)-20.9%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Off grid)-30.3%

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.