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Lake County, IN · Sold

IN-498711

7274 County Road 376

$684,400
$2,487/ac · 275 ac
Acreage275 ac
Price per acre$2,487/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedFeb 3, 2025
Coordinates41.4445, -87.3965
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

4 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands5.5% of tract

Little to no mapped wetland coverage.

Average slope21.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,766 ft away

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

Buildable area156.01 of 275.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$894,188
$782,643$1,005,734 · $3,250/ac on 275 ac
Asking vs estimate
-23.5%
Priced below the comp set

Weighted from 6 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 $684,400
Maximum allowable offer
$510,965
$1,857/ac · +30.0% target margin

You need $173,435 off asking to hit this margin.

All-in cost$554,397
Net resale$822,653
Projected profit$268,256
ROI+48.4%
Annualized+69.2%
Break-even resale$2,190/ac
Profit if resale lands off target
-20%
$103,726
-10%
$185,991
0%
$268,256
+10%
$350,521
+20%
$432,787
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-758745
Paved · Power at road
282.0May 9, 2026$1,412,3005,0083,1606.5 mi
83
IN-378355
Gravel · Off grid
212.6Jul 27, 2026$772,5003,6342,9106.0 mi
82
IN-887345
Dirt · Off grid
102.3Jun 27, 2026$360,6003,5252,7132.7 mi
82
IN-489739
Gravel · Off grid
579.4Jan 5, 2025$1,690,1002,9173,3422.6 mi
71
IN-449258
Dirt · Power at road
408.9Jun 10, 2024$1,472,4003,6013,7537.9 mi
67
IN-978053
Dirt · Full utilities
170.8Jul 17, 2024$989,4005,7923,8388.4 mi
66
Show adjustment detail for the top comp
  • Tract size (282.01 ac → 275.15 ac)+0.7%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (3 mo)+1.1%

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.