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Greene County, IN · Sold

IN-862821

223 County Road 69

$21,300
$5,518/ac · 3.86 ac
Acreage3.86 ac
Price per acre$5,518/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedSep 12, 2023
Coordinates38.9959, -86.9480
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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

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

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands8.3% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area3.36 of 3.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$22,722
$18,987$26,457 · $5,886/ac on 3.86 ac
Asking vs estimate
-6.3%
Priced below the comp set

Weighted from 9 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 $21,300
Maximum allowable offer
$12,984
$3,364/ac · +30.0% target margin

You need $8,316 off asking to hit this margin.

All-in cost$14,088
Net resale$20,904
Projected profit$6,816
ROI+48.4%
Annualized+69.2%
Break-even resale$3,967/ac
Profit if resale lands off target
-20%
$2,636
-10%
$4,726
0%
$6,816
+10%
$8,907
+20%
$10,997
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-593089
Dirt · Power at road
4.7Jul 27, 2026$27,2005,8055,6568.8 mi
84
IN-322324
Dirt · Off grid
2.7Jul 2, 2024$10,8004,0264,9202.1 mi
73
IN-793049
Gravel · Power at road
4.5May 21, 2024$29,1006,4005,8462.7 mi
72
IN-333803
Dirt · Off grid
7.9Apr 23, 2026$33,6004,2795,0996.3 mi
71
IN-982375
Gravel · Power at road
2.8Nov 25, 2024$14,5005,2124,5908.1 mi
67
IN-764248
Dirt · Power at road
10.8Apr 13, 2025$70,1006,4586,9884.9 mi
62
IN-644312
Landlocked · Power at road
11.4Aug 9, 2024$56,6004,9767,0226.4 mi
60
IN-341836
Dirt · Off grid
1.9Jul 23, 2024$11,9006,3197,6469.0 mi
60
IN-981403
Dirt · Full utilities
1.4Aug 15, 2024$9,5006,9195,78810.8 mi
57
Show adjustment detail for the top comp
  • Tract size (4.69 ac → 3.86 ac)+0.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Full utilities)+22.0%

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.