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Harrison County, IN · Sold

IN-401643

5156 County Road 196

$13,500
$8,232/ac · 1.64 ac
Acreage1.64 ac
Price per acre$8,232/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedJun 11, 2025
Coordinates38.2424, -86.0401
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

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

View Harrison market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands11.4% of tract

Little to no mapped wetland coverage.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area1.38 of 1.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$14,452
$10,406$18,499 · $8,812/ac on 1.64 ac
Asking vs estimate
-6.6%
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 $13,500
Maximum allowable offer
$8,259
$5,036/ac · +30.0% target margin

You need $5,241 off asking to hit this margin.

All-in cost$8,961
Net resale$13,296
Projected profit$4,335
ROI+48.4%
Annualized+69.2%
Break-even resale$5,939/ac
Profit if resale lands off target
-20%
$1,676
-10%
$3,006
0%
$4,335
+10%
$5,665
+20%
$6,994
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-981604
Dirt · Off grid
1.6Jul 27, 2026$8,8005,5176,2723.5 mi
87
IN-182047
Paved · Power at road
2.2Jul 27, 2026$43,60019,81314,0398.5 mi
78
IN-320345
Landlocked · Power at road
0.6Jul 27, 2026$4,2006,5707,9518.2 mi
72
IN-370356
Gravel · Power at road
0.7Jul 27, 2026$4,7007,1755,9066.2 mi
71
IN-333313
Gravel · Off grid
5.5Jul 7, 2026$37,4006,7966,9143.7 mi
69
IN-520628
Landlocked · Power at road
0.8Jul 30, 2025$8,10010,27812,9767.7 mi
67
IN-231079
Gravel · Power at road
1.1Sep 25, 2024$12,80011,71410,4307.1 mi
66
IN-210741
Gravel · Power at road
0.9Oct 11, 2024$8,1009,4108,34512.0 mi
60
IN-553205
Landlocked · Power at road
5.1Feb 29, 2024$23,0004,5086,2747.0 mi
58
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%

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.