← New search
Gibson County, IN · Sold

IN-893037

9820 County Road 347

$62,800
$13,925/ac · 4.51 ac
Acreage4.51 ac
Price per acre$13,925/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedDec 27, 2024
Coordinates38.2695, -87.6379
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

Gibson County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Gibson market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands1.1% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

176 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area4.24 of 4.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$67,926
$52,000$83,851 · $15,061/ac on 4.51 ac
Asking vs estimate
-7.5%
Priced below the comp set

Weighted from 7 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 $62,800
Maximum allowable offer
$38,815
$8,606/ac · +30.0% target margin

You need $23,985 off asking to hit this margin.

All-in cost$42,114
Net resale$62,492
Projected profit$20,377
ROI+48.4%
Annualized+69.2%
Break-even resale$10,150/ac
Profit if resale lands off target
-20%
$7,879
-10%
$14,128
0%
$20,377
+10%
$26,626
+20%
$32,876
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-222538
Dirt · Full utilities
3.1May 4, 2025$44,90014,29420,4043.5 mi
74
IN-422704
Paved · Off grid
3.5Apr 23, 2025$24,5006,90510,3637.3 mi
73
IN-903229
Gravel · Power at road
5.2Sep 29, 2024$59,20011,40917,8325.6 mi
71
IN-113586
Dirt · Power at road
6.7Jun 21, 2025$67,30010,02217,9409.1 mi
68
IN-203449
Dirt · Off grid
6.1Nov 5, 2024$34,0005,59612,0128.7 mi
67
IN-704513
Gravel · Off grid
13.2Nov 23, 2025$88,3006,71512,5898.1 mi
63
IN-684607
Dirt · Off grid
14.1Sep 3, 2025$87,1006,19013,7085.8 mi
62
Show adjustment detail for the top comp
  • Tract size (3.14 ac → 4.51 ac)-1.3%
  • Access (Dirt → Paved)+37.2%
  • Market time (15 mo)+5.4%

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.