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Madison County, IN · Sold

IN-810794

4616 County Road 393

$10,600
$11,910/ac · 0.89 ac
Acreage0.89 ac
Price per acre$11,910/ac
ZoningAgricultural
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedJan 9, 2025
Coordinates40.2115, -85.7054
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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

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands13.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

76 ft of deeded road frontage.

Power100 ft away

Power at or near the road.

Buildable area0.73 of 0.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$10,502
$8,165$12,838 · $11,800/ac on 0.89 ac
Asking vs estimate
+0.9%
In line with 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 $10,600
Maximum allowable offer
$6,001
$6,743/ac · +30.0% target margin

You need $4,599 off asking to hit this margin.

All-in cost$6,511
Net resale$9,662
Projected profit$3,151
ROI+48.4%
Annualized+69.3%
Break-even resale$7,952/ac
Profit if resale lands off target
-20%
$1,218
-10%
$2,184
0%
$3,151
+10%
$4,117
+20%
$5,083
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-571023
Dirt · Power at road
1.1Jul 1, 2026$6,5006,1718,5251.9 mi
86
IN-810634
Dirt · Off grid
0.8May 30, 2026$6,7008,48913,8106.4 mi
81
IN-370485
Gravel · Power at road
0.7Aug 8, 2025$8,30011,74614,4274.1 mi
81
IN-751263
Dirt · Off grid
1.3Nov 12, 2024$9,6007,69613,3903.8 mi
69
IN-271644
Gravel · Off grid
1.6Nov 22, 2024$9,5005,7508,6295.1 mi
64
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%
  • Market time (1 mo)+0.5%

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.