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Madison County, IN · Sold

IN-907357

4047 County Road 241

$495,200
$4,799/ac · 103 ac
Acreage103 ac
Price per acre$4,799/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedDec 1, 2025
Coordinates40.0987, -85.6811
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

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

2 items to verify before you offer.

Risk index
14
Low risk
Wetlands0.2% of tract

Little to no mapped wetland coverage.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,058 ft away

Service extension needed; get a utility quote.

Buildable area97.82 of 103.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$466,757
$341,045$592,469 · $4,524/ac on 103 ac
Asking vs estimate
+6.1%
Priced above 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 $495,200
Maximum allowable offer
$266,718
$2,585/ac · +30.0% target margin

You need $228,482 off asking to hit this margin.

All-in cost$289,389
Net resale$429,416
Projected profit$140,027
ROI+48.4%
Annualized+69.2%
Break-even resale$3,049/ac
Profit if resale lands off target
-20%
$54,144
-10%
$97,086
0%
$140,027
+10%
$182,969
+20%
$225,910
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-776783
Landlocked · Off grid
68.1Apr 28, 2026$225,0003,3053,8389.5 mi
80
IN-547431
Dirt · Off grid
108.9Mar 23, 2025$407,9003,7474,0218.3 mi
78
IN-877374
Landlocked · Off grid
104.5Aug 15, 2024$527,1005,0466,9409.7 mi
77
IN-298906
Dirt · Off grid
316.9Jul 27, 2026$769,0002,4273,3044.7 mi
75
IN-437636
Paved · Off grid
126.3Jul 14, 2025$761,9006,0334,8396.9 mi
75
IN-816509
Dirt · Off grid
55.8May 13, 2025$249,7004,4734,0923.7 mi
73
IN-496841
Landlocked · Power at road
71.0Feb 14, 2026$298,3004,2014,2219.9 mi
72
IN-938737
Paved · Power at road
280.4Dec 9, 2025$2,209,9007,8826,5849.4 mi
67
IN-836438
Landlocked · Off grid
53.0May 20, 2024$193,1003,6424,3329.9 mi
66
IN-478547
Landlocked · Power at road
244.3Dec 29, 2025$533,4002,1833,0357.7 mi
66
Show adjustment detail for the top comp
  • Tract size (68.08 ac → 103.18 ac)-9.3%
  • Access (Landlocked → Dirt)+26.5%
  • 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.