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Hancock County, OH · Sold

OH-428440

3197 County Road 189

$1,323,400
$6,504/ac · 203 ac
Acreage203 ac
Price per acre$6,504/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedNov 12, 2025
Coordinates40.9199, -83.6909
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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

Hancock County, Ohio. Tillable ground with strong small-acreage homesite demand.

View Hancock market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,575 ft of deeded road frontage.

Power8,454 ft away

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

Buildable area168.76 of 203.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$781,451
$694,136$868,765 · $3,840/ac on 203 ac
Asking vs estimate
+69.4%
Priced above the comp set

Weighted from 7 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 $1,323,400
Maximum allowable offer
$446,543
$2,194/ac · +30.0% target margin

You need $876,857 off asking to hit this margin.

All-in cost$484,499
Net resale$718,935
Projected profit$234,435
ROI+48.4%
Annualized+69.2%
Break-even resale$2,588/ac
Profit if resale lands off target
-20%
$90,648
-10%
$162,542
0%
$234,435
+10%
$306,329
+20%
$378,222
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OH-767426
Gravel · Power at road
97.6Jul 27, 2026$550,1005,6353,4022.7 mi
81
OH-318263
Dirt · Power at road
179.0May 21, 2025$985,8005,5074,7533.1 mi
79
OH-939895
Dirt · Full utilities
583.9Jul 27, 2026$2,157,2003,6953,5154.9 mi
78
OH-997694
Dirt · Power at road
118.5Jul 27, 2026$590,2004,9793,67011.1 mi
76
OH-157329
Gravel · Power at road
91.0Jul 27, 2026$582,8006,4053,8028.3 mi
71
OH-767331
Gravel · Off grid
91.1May 14, 2025$465,0005,1033,7456.3 mi
65
OH-479983
Dirt · Off grid
622.3Sep 17, 2024$1,666,3002,6784,0197.5 mi
61
Show adjustment detail for the top comp
  • Tract size (97.62 ac → 203.49 ac)-17.6%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%

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.