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Lake County, IN · Sold

IN-386472

2465 County Road 338

$377,800
$6,953/ac · 54.34 ac
Acreage54.34 ac
Price per acre$6,953/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedDec 26, 2025
Coordinates41.3931, -87.4373
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

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

View Lake market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,101 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area47.13 of 54.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$398,783
$361,670$435,896 · $7,339/ac on 54.34 ac
Asking vs estimate
-5.3%
Priced below the comp set

Weighted from 8 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 $377,800
Maximum allowable offer
$227,876
$4,194/ac · +30.0% target margin

You need $149,924 off asking to hit this margin.

All-in cost$247,245
Net resale$366,880
Projected profit$119,635
ROI+48.4%
Annualized+69.2%
Break-even resale$4,946/ac
Profit if resale lands off target
-20%
$46,259
-10%
$82,947
0%
$119,635
+10%
$156,323
+20%
$193,011
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-426616
Dirt · Full utilities
60.3Jul 27, 2026$446,2007,3977,5788.7 mi
87
IN-526891
Landlocked · Full utilities
73.6Jul 27, 2026$425,7005,7827,8287.2 mi
81
IN-896491
Paved · Power at road
55.1Sep 8, 2025$462,1008,3877,7734.3 mi
79
IN-887345
Dirt · Off grid
102.3Jun 27, 2026$360,6003,5255,8774.1 mi
78
IN-575691
Dirt · Power at road
30.9Jul 27, 2026$201,5006,5297,1918.9 mi
77
IN-175686
Dirt · Power at road
30.8Dec 14, 2024$181,1005,8886,92112.0 mi
65
IN-545645
Gravel · Power at road
29.9Aug 12, 2024$215,1007,2067,3466.2 mi
63
IN-978053
Dirt · Full utilities
170.8Jul 17, 2024$989,4005,7928,31412.4 mi
58
Show adjustment detail for the top comp
  • Tract size (60.32 ac → 54.34 ac)+2.2%

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.