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Gibson County, IN · Sold

IN-617581

7230 County Road 253

$443,200
$3,652/ac · 121 ac
Acreage121 ac
Price per acre$3,652/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedMay 24, 2024
Coordinates38.3244, -87.4981
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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

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

5 items to verify before you offer.

Risk index
58
High risk
Wetlands31.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.1%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,240 ft away

Service extension needed; get a utility quote.

Buildable area79.43 of 121.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$537,486
$410,187$664,785 · $4,429/ac on 121 ac
Asking vs estimate
-17.5%
Priced below 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 $443,200
Maximum allowable offer
$307,135
$2,531/ac · +30.0% target margin

You need $136,065 off asking to hit this margin.

All-in cost$333,241
Net resale$494,487
Projected profit$161,246
ROI+48.4%
Annualized+69.2%
Break-even resale$2,985/ac
Profit if resale lands off target
-20%
$62,349
-10%
$111,797
0%
$161,246
+10%
$210,695
+20%
$260,144
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-697854
Dirt · Power at road
147.9Jun 17, 2026$624,8004,2253,0111.9 mi
83
IN-687376
Gravel · Off grid
104.6Jan 9, 2026$531,4005,0793,4109.6 mi
82
IN-587813
Landlocked · Off grid
143.6Apr 12, 2025$647,6004,5114,9792.5 mi
80
IN-318063
Landlocked · Power at road
172.1Aug 29, 2025$804,3004,6744,5346.2 mi
79
IN-218777
Gravel · Off grid
288.6Jul 27, 2026$1,721,9005,9665,1596.9 mi
78
IN-166902
Landlocked · Power at road
74.2Sep 3, 2024$527,3007,1065,7990.9 mi
71
IN-596994
Landlocked · Power at road
79.3Jun 20, 2024$587,0007,4006,1813.9 mi
69
IN-586186
Gravel · Off grid
44.2Aug 6, 2024$309,3007,0024,1121.4 mi
68
IN-515885
Gravel · Off grid
35.5Sep 13, 2025$194,7005,4832,9620.9 mi
67
IN-776635
Paved · Off grid
61.1Oct 8, 2024$500,4008,1834,3215.6 mi
65
Show adjustment detail for the top comp
  • Tract size (147.89 ac → 121.35 ac)+5.3%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (2 mo)+0.7%

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.