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Madison County, IN · Sold

IN-496841

3682 County Road 175

$299,200
$4,214/ac · 71.00 ac
Acreage71.00 ac
Price per acre$4,214/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedMay 30, 2025
Coordinates40.2359, -85.6290
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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

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

View Madison market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
66
High risk
Wetlands41.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.2%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power164 ft away

Power at or near the road.

Buildable area39.46 of 71.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$341,126
$259,478$422,775 · $4,805/ac on 71.00 ac
Asking vs estimate
-12.3%
Priced below the comp set

Weighted from 10 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 $299,200
Maximum allowable offer
$194,929
$2,745/ac · +30.0% target margin

You need $104,271 off asking to hit this margin.

All-in cost$211,498
Net resale$313,836
Projected profit$102,338
ROI+48.4%
Annualized+69.3%
Break-even resale$3,238/ac
Profit if resale lands off target
-20%
$39,571
-10%
$70,955
0%
$102,338
+10%
$133,722
+20%
$165,106
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-776783
Landlocked · Off grid
68.1Apr 28, 2026$225,0003,3053,90010.6 mi
82
IN-907357
Dirt · Off grid
103.2Jan 20, 2026$498,7004,8335,0299.9 mi
72
IN-816509
Dirt · Off grid
55.8May 13, 2025$249,7004,4734,1596.9 mi
71
IN-547431
Dirt · Off grid
108.9Mar 23, 2025$407,9003,7474,0863.0 mi
70
IN-437636
Paved · Off grid
126.3Jul 14, 2025$761,9006,0334,91810.5 mi
69
IN-478547
Landlocked · Power at road
244.3Dec 29, 2025$533,4002,1833,0854.6 mi
69
IN-805317
Gravel · Off grid
23.5Apr 27, 2025$181,5007,7125,3110.9 mi
68
IN-877374
Landlocked · Off grid
104.5Aug 15, 2024$527,1005,0467,0537.8 mi
68
IN-836438
Landlocked · Off grid
53.0May 20, 2024$193,1003,6424,4039.4 mi
68
IN-195421
Dirt · Off grid
25.4Nov 15, 2023$199,6007,8646,7348.9 mi
54
Show adjustment detail for the top comp
  • Tract size (68.08 ac → 71 ac)-0.9%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (4 mo)+1.3%

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.