Gibson County, IN · Sold

IN-405252

324 County Road 342

$405,800

$18,068/ac · 22.46 ac

Offer report Market this tract

Acreage22.46 ac

Price per acre$18,068/ac

ZoningResidential

Road accessPaved

UtilitiesPower at road

TopographyRolling

ListedApr 11, 2026

Coordinates38.2479, -87.6742

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

3 items to verify before you offer.

Risk index

Low risk

Wetlands15.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

806 ft of deeded road frontage.

Power1 ft away

Power at or near the road.

Buildable area18.09 of 22.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$282,044

$220,658 – $343,430 · $12,558/ac on 22.46 ac

Asking vs estimate

+43.9%

Priced above 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 $405,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$161,168

$7,176/ac · +30.0% target margin

You need $244,632 off asking to hit this margin.

All-in cost$174,867

Net resale$259,480

Projected profit$84,613

ROI+48.4%

Annualized+69.2%

Break-even resale$8,463/ac

Profit if resale lands off target

-20%

$32,717

-10%

$58,665

$84,613

+10%

$110,561

+20%

$136,509

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-605092 Paved · Full utilities	20.0	Jul 27, 2026	$351,900	17,597	14,235	11.4 mi	83
IN-505493 Paved · Off grid	26.7	Jul 27, 2026	$305,700	11,434	13,823	12.0 mi	82
IN-185518 Dirt · Off grid	27.2	Jun 29, 2025	$189,700	6,968	12,114	3.3 mi	75
IN-145676 Landlocked · Full utilities	30.5	Dec 19, 2023	$311,500	10,202	16,887	5.4 mi	71
IN-684607 Dirt · Off grid	14.1	Sep 3, 2025	$87,100	6,190	9,827	8.3 mi	68
IN-704513 Gravel · Off grid	13.2	Nov 23, 2025	$88,300	6,715	9,025	10.1 mi	68
IN-515885 Gravel · Off grid	35.5	Sep 13, 2025	$194,700	5,483	8,488	10.3 mi	68
IN-776635 Paved · Off grid	61.1	Oct 8, 2024	$500,400	8,183	12,383	11.2 mi	63
IN-166902 Landlocked · Power at road	74.2	Sep 3, 2024	$527,300	7,106	16,616	11.3 mi	60
IN-586186 Gravel · Off grid	44.2	Aug 6, 2024	$309,300	7,002	11,783	9.7 mi	60

Show adjustment detail for the top comp

Tract size (20 ac → 22.46 ac)-1.5%
Utilities (Full utilities → Power at road)-18.0%

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