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Lawrence County, IN · Sold

IN-703527

2142 County Road 370

$81,400
$12,640/ac · 6.44 ac
Acreage6.44 ac
Price per acre$12,640/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedNov 13, 2024
Coordinates38.8222, -86.5018
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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

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

View Lawrence market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
41
Moderate risk
Wetlands36.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.8%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

202 ft of deeded road frontage.

Power3,162 ft away

Service extension needed; get a utility quote.

Buildable area3.86 of 6.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$71,474
$54,095$88,854 · $11,099/ac on 6.44 ac
Asking vs estimate
+13.9%
Priced above 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 $81,400
Maximum allowable offer
$40,843
$6,342/ac · +30.0% target margin

You need $40,557 off asking to hit this margin.

All-in cost$44,315
Net resale$65,756
Projected profit$21,442
ROI+48.4%
Annualized+69.2%
Break-even resale$7,480/ac
Profit if resale lands off target
-20%
$8,291
-10%
$14,866
0%
$21,442
+10%
$28,017
+20%
$34,593
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-434126
Dirt · Full utilities
9.9Nov 28, 2024$131,60013,25111,8492.9 mi
73
IN-403115
Dirt · Off grid
4.8May 1, 2025$41,2008,60910,3975.1 mi
73
IN-505088
Gravel · Off grid
19.9Jan 18, 2026$225,90011,33112,8352.6 mi
72
IN-704664
Gravel · Full utilities
14.7Aug 24, 2024$257,50017,55014,1346.1 mi
63
IN-872060
Landlocked · Off grid
2.2Aug 7, 2024$8,7003,9116,0002.2 mi
63
Show adjustment detail for the top comp
  • Tract size (9.93 ac → 6.44 ac)+3.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (21 mo)+7.2%

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.