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Greene County, IN · Sold

IN-186803

5305 County Road 280

$465,500
$6,740/ac · 69.07 ac
Acreage69.07 ac
Price per acre$6,740/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedSep 1, 2024
Coordinates39.0692, -87.1043
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

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

View Greene market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
12
Low risk
Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,998 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area60.04 of 69.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$375,534
$335,531$415,537 · $5,437/ac on 69.07 ac
Asking vs estimate
+24.0%
Priced above the comp set

Weighted from 8 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 $465,500
Maximum allowable offer
$214,591
$3,107/ac · +30.0% target margin

You need $250,909 off asking to hit this margin.

All-in cost$232,831
Net resale$345,491
Projected profit$112,660
ROI+48.4%
Annualized+69.2%
Break-even resale$3,664/ac
Profit if resale lands off target
-20%
$43,562
-10%
$78,111
0%
$112,660
+10%
$147,209
+20%
$181,759
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-326934
Dirt · Off grid
75.9Apr 27, 2025$297,5003,9186,0608.6 mi
80
IN-705895
Dirt · Power at road
35.8Jul 27, 2026$164,4004,5964,9297.3 mi
76
IN-268146
Gravel · Full utilities
182.7Jul 27, 2026$906,6004,9625,4616.0 mi
73
IN-907053
Gravel · Power at road
82.8Jul 7, 2025$470,2005,6806,50110.8 mi
71
IN-915788
Landlocked · Power at road
33.1Sep 7, 2025$112,9003,4104,73410.3 mi
68
IN-728327
Paved · Power at road
208.3Jul 27, 2026$938,8004,5065,3189.0 mi
68
IN-917419
Landlocked · Off grid
107.9Dec 27, 2024$242,7002,2494,8495.3 mi
68
IN-775426
Paved · Power at road
25.5Jan 27, 2025$180,0007,0665,5581.8 mi
63
Show adjustment detail for the top comp
  • Tract size (75.94 ac → 69.07 ac)+2.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (16 mo)+5.5%

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.