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Gibson County, IN · Sold

IN-505493

1424 County Road 320

$308,200
$11,526/ac · 26.74 ac
Acreage26.74 ac
Price per acre$11,526/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedMay 24, 2026
Coordinates38.3958, -87.5566
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

6 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands17.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.6%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,112 ft away

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

Buildable area20.91 of 26.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$281,053
$215,190$346,916 · $10,511/ac on 26.74 ac
Asking vs estimate
+9.7%
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 $308,200
Maximum allowable offer
$160,602
$6,006/ac · +30.0% target margin

You need $147,598 off asking to hit this margin.

All-in cost$174,253
Net resale$258,568
Projected profit$84,315
ROI+48.4%
Annualized+69.2%
Break-even resale$7,083/ac
Profit if resale lands off target
-20%
$32,602
-10%
$58,458
0%
$84,315
+10%
$110,172
+20%
$136,029
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-605092
Paved · Full utilities
20.0Jul 27, 2026$351,90017,59711,8004.7 mi
88
IN-405252
Paved · Power at road
22.5Jul 27, 2026$341,30015,19512,62312.0 mi
82
IN-704513
Gravel · Off grid
13.2Nov 23, 2025$88,3006,7157,4812.7 mi
77
IN-185518
Dirt · Off grid
27.2Jun 29, 2025$189,7006,96810,04210.5 mi
76
IN-515885
Gravel · Off grid
35.5Sep 13, 2025$194,7005,4837,0365.2 mi
75
IN-684607
Dirt · Off grid
14.1Sep 3, 2025$87,1006,1908,1465.8 mi
74
IN-776635
Paved · Off grid
61.1Oct 8, 2024$500,4008,18310,2640.8 mi
69
IN-145676
Landlocked · Full utilities
30.5Dec 19, 2023$311,50010,20213,9997.8 mi
68
IN-586186
Gravel · Off grid
44.2Aug 6, 2024$309,3007,0029,7686.6 mi
66
IN-596994
Landlocked · Power at road
79.3Jun 20, 2024$587,0007,40014,6829.6 mi
59
Show adjustment detail for the top comp
  • Tract size (20 ac → 26.74 ac)-4.0%
  • 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.