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Madison County, IN · Sold

IN-776783

1960 County Road 61

$236,600
$3,475/ac · 68.08 ac
Acreage68.08 ac
Price per acre$3,475/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedFeb 19, 2025
Coordinates40.1874, -85.8196
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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

2 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands8.4% of tract

Little to no mapped wetland coverage.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power7,516 ft away

A long utility run — price in solar/off-grid instead.

Buildable area59.24 of 68.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$296,650
$236,439$356,860 · $4,357/ac on 68.08 ac
Asking vs estimate
-20.2%
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 $236,600
Maximum allowable offer
$169,514
$2,490/ac · +30.0% target margin

You need $67,086 off asking to hit this margin.

All-in cost$183,923
Net resale$272,918
Projected profit$88,995
ROI+48.4%
Annualized+69.3%
Break-even resale$2,936/ac
Profit if resale lands off target
-20%
$34,412
-10%
$61,703
0%
$88,995
+10%
$116,287
+20%
$143,579
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-496841
Landlocked · Power at road
71.0Feb 14, 2026$298,3004,2013,68010.6 mi
80
IN-836438
Landlocked · Off grid
53.0May 20, 2024$193,1003,6423,7781.6 mi
80
IN-907357
Dirt · Off grid
103.2Jan 20, 2026$498,7004,8334,3159.5 mi
78
IN-877374
Landlocked · Off grid
104.5Aug 15, 2024$527,1005,0466,0523.1 mi
77
IN-816509
Dirt · Off grid
55.8May 13, 2025$249,7004,4733,56810.5 mi
72
IN-437636
Paved · Off grid
126.3Jul 14, 2025$761,9006,0334,2203.0 mi
71
IN-547431
Dirt · Off grid
108.9Mar 23, 2025$407,9003,7473,5067.7 mi
69
IN-195421
Dirt · Off grid
25.4Nov 15, 2023$199,6007,8645,7782.6 mi
61
IN-805317
Gravel · Off grid
23.5Apr 27, 2025$181,5007,7124,55710.0 mi
60
Show adjustment detail for the top comp
  • Tract size (71 ac → 68.08 ac)+0.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (6 mo)+2.1%

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.