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Knox County, IN · Sold

IN-683254

3727 County Road 204

$24,500
$4,640/ac · 5.28 ac
Acreage5.28 ac
Price per acre$4,640/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMar 13, 2025
Coordinates38.7401, -87.3211
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

4 items to verify before you offer.

Risk index
52
Moderate risk
Wetlands47.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.3%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

259 ft of deeded road frontage.

Power13,858 ft away

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

Buildable area2.64 of 5.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$26,877
$22,378$31,376 · $5,090/ac on 5.28 ac
Asking vs estimate
-8.8%
Priced below the comp set

Weighted from 5 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 $24,500
Maximum allowable offer
$15,358
$2,909/ac · +30.0% target margin

You need $9,142 off asking to hit this margin.

All-in cost$16,663
Net resale$24,727
Projected profit$8,063
ROI+48.4%
Annualized+69.3%
Break-even resale$3,430/ac
Profit if resale lands off target
-20%
$3,118
-10%
$5,591
0%
$8,063
+10%
$10,536
+20%
$13,009
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-213276
Dirt · Off grid
5.4Jun 13, 2026$25,0004,6464,6842.0 mi
96
IN-103251
Dirt · Power at road
5.3Jul 27, 2026$32,3006,1225,21513.4 mi
88
IN-604326
Gravel · Power at road
11.5Nov 6, 2025$54,7004,7633,7862.7 mi
74
IN-642047
Paved · Power at road
2.2Jun 4, 2025$21,1009,5866,05810.0 mi
61
IN-344759
Gravel · Off grid
15.7Nov 10, 2024$97,3006,1946,2168.8 mi
58
Show adjustment detail for the top comp
  • Market time (2 mo)+0.7%

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.