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Knox County, IN · Sold

IN-735203

618 County Road 248

$149,300
$6,890/ac · 21.67 ac
Acreage21.67 ac
Price per acre$6,890/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedApr 1, 2025
Coordinates38.7395, -87.4184
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

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

View Knox market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
10
Low risk
Wetlands6.2% of tract

Little to no mapped wetland coverage.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

957 ft of deeded road frontage.

Power83 ft away

Power at or near the road.

Buildable area19.31 of 21.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$143,127
$119,072$167,182 · $6,605/ac on 21.67 ac
Asking vs estimate
+4.3%
In line with 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 $149,300
Maximum allowable offer
$81,787
$3,774/ac · +30.0% target margin

You need $67,513 off asking to hit this margin.

All-in cost$88,739
Net resale$131,677
Projected profit$42,938
ROI+48.4%
Annualized+69.2%
Break-even resale$4,451/ac
Profit if resale lands off target
-20%
$16,603
-10%
$29,771
0%
$42,938
+10%
$56,106
+20%
$69,274
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-105084
Landlocked · Full utilities
19.9Nov 23, 2025$123,7006,2216,5720.1 mi
87
IN-985116
Gravel · Off grid
20.4Jun 23, 2026$145,7007,1597,2283.6 mi
85
IN-925006
Gravel · Off grid
18.8Jul 27, 2026$136,3007,2547,2225.5 mi
83
IN-395477
Gravel · Off grid
26.4May 20, 2026$143,0005,4115,6886.8 mi
79
IN-416122
Gravel · Off grid
42.2Feb 5, 2026$259,6006,1567,0831.0 mi
78
IN-565377
Gravel · Off grid
24.6Apr 8, 2025$174,3007,0907,7156.6 mi
73
IN-604326
Gravel · Power at road
11.5Nov 6, 2025$54,7004,7633,9422.8 mi
73
IN-875676
Landlocked · Full utilities
30.5Jun 22, 2025$215,4007,0558,0655.1 mi
71
IN-805887
Dirt · Power at road
35.6May 6, 2024$177,4004,9885,8984.7 mi
69
IN-344759
Gravel · Off grid
15.7Nov 10, 2024$97,3006,1946,47210.1 mi
66
Show adjustment detail for the top comp
  • Tract size (19.88 ac → 21.67 ac)-1.1%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (9 mo)+3.1%

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.