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Lawrence County, IN · Sold

IN-499198

6238 County Road 243

$1,744,000
$4,454/ac · 392 ac
Acreage392 ac
Price per acre$4,454/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedOct 28, 2025
Coordinates38.7706, -86.4290
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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

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands16.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,497 ft of deeded road frontage.

Power119 ft away

Power at or near the road.

Buildable area309.85 of 391.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,031,448
$1,727,743$2,335,152 · $5,188/ac on 392 ac
Asking vs estimate
-14.1%
Priced below the comp set

Weighted from 9 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 $1,744,000
Maximum allowable offer
$1,160,827
$2,965/ac · +30.0% target margin

You need $583,173 off asking to hit this margin.

All-in cost$1,259,497
Net resale$1,868,932
Projected profit$609,435
ROI+48.4%
Annualized+69.2%
Break-even resale$3,496/ac
Profit if resale lands off target
-20%
$235,648
-10%
$422,541
0%
$609,435
+10%
$796,328
+20%
$983,221
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-659165
Dirt · Full utilities
382.3Jul 27, 2026$2,061,9005,3945,1156.1 mi
85
IN-168151
Gravel · Power at road
183.4May 25, 2026$1,102,7006,0134,8814.4 mi
77
IN-519936
Gravel · Full utilities
668.3Oct 27, 2024$2,915,3004,3624,5201.5 mi
71
IN-387365
Gravel · Full utilities
103.8Jan 28, 2026$1,033,2009,9555,7811.1 mi
69
IN-329942
Dirt · Off grid
671.2May 25, 2025$1,872,7002,7904,7234.2 mi
68
IN-676873
Landlocked · Power at road
72.7Oct 21, 2025$528,7007,2767,0431.2 mi
68
IN-717017
Dirt · Off grid
80.7Jul 5, 2026$500,2006,2025,5565.3 mi
66
IN-247409
Dirt · Off grid
107.1Nov 24, 2025$512,1004,7804,70411.7 mi
63
IN-337067
Landlocked · Power at road
83.6Nov 26, 2025$366,3004,3804,3624.4 mi
63
Show adjustment detail for the top comp
  • Tract size (382.29 ac → 391.54 ac)-0.7%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%

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.