← New search
Madison County, IN · Sold

IN-437636

4091 County Road 92

$820,100
$6,494/ac · 126 ac
Acreage126 ac
Price per acre$6,494/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedMar 20, 2025
Coordinates40.1499, -85.7925
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

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands15.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

920 ft of deeded road frontage.

Power11,534 ft away

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

Buildable area100.90 of 126.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$801,809
$582,088$1,021,530 · $6,349/ac on 126 ac
Asking vs estimate
+2.3%
In line with 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 $820,100
Maximum allowable offer
$458,176
$3,628/ac · +30.0% target margin

You need $361,924 off asking to hit this margin.

All-in cost$497,121
Net resale$737,664
Projected profit$240,543
ROI+48.4%
Annualized+69.3%
Break-even resale$4,279/ac
Profit if resale lands off target
-20%
$93,010
-10%
$166,777
0%
$240,543
+10%
$314,310
+20%
$388,076
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-907357
Dirt · Off grid
103.2Jan 20, 2026$498,7004,8336,4516.9 mi
78
IN-776783
Landlocked · Off grid
68.1Apr 28, 2026$225,0003,3055,0033.0 mi
76
IN-298906
Dirt · Off grid
316.9Jul 27, 2026$769,0002,4274,3074.8 mi
74
IN-547431
Dirt · Off grid
108.9Mar 23, 2025$407,9003,7475,2427.6 mi
74
IN-496841
Landlocked · Power at road
71.0Feb 14, 2026$298,3004,2015,50210.5 mi
73
IN-877374
Landlocked · Off grid
104.5Aug 15, 2024$527,1005,0469,0474.8 mi
72
IN-628752
Gravel · Off grid
283.4Nov 22, 2024$1,344,0004,7427,4992.8 mi
70
IN-478547
Landlocked · Power at road
244.3Dec 29, 2025$533,4002,1833,9576.0 mi
70
IN-938737
Paved · Power at road
280.4Dec 9, 2025$2,209,9007,8828,5848.1 mi
69
IN-619120
Paved · Power at road
370.0Jan 26, 2025$2,489,1006,7278,2275.6 mi
67
Show adjustment detail for the top comp
  • Tract size (103.18 ac → 126.29 ac)-5.0%
  • Access (Dirt → Paved)+37.2%
  • Market time (7 mo)+2.4%

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.