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Madison County, IN · Sold

IN-547431

998 County Road 201

$412,900
$3,793/ac · 109 ac
Acreage109 ac
Price per acre$3,793/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedMay 20, 2024
Coordinates40.2191, -85.6804
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

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands10.9% of tract

Little to no mapped wetland coverage.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,489 ft of deeded road frontage.

Power7,516 ft away

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

Buildable area92.14 of 108.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$487,641
$353,272$622,010 · $4,480/ac on 109 ac
Asking vs estimate
-15.3%
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 $412,900
Maximum allowable offer
$278,652
$2,560/ac · +30.0% target margin

You need $134,248 off asking to hit this margin.

All-in cost$302,337
Net resale$448,629
Projected profit$146,292
ROI+48.4%
Annualized+69.2%
Break-even resale$3,019/ac
Profit if resale lands off target
-20%
$56,566
-10%
$101,429
0%
$146,292
+10%
$191,155
+20%
$236,018
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-907357
Dirt · Off grid
103.2Jan 20, 2026$498,7004,8334,8838.3 mi
83
IN-776783
Landlocked · Off grid
68.1Apr 28, 2026$225,0003,3053,7877.7 mi
76
IN-877374
Landlocked · Off grid
104.5Aug 15, 2024$527,1005,0466,8485.0 mi
76
IN-298906
Dirt · Off grid
316.9Jul 27, 2026$769,0002,4273,2603.9 mi
76
IN-496841
Landlocked · Power at road
71.0Feb 14, 2026$298,3004,2014,1653.0 mi
76
IN-437636
Paved · Off grid
126.3Jul 14, 2025$761,9006,0334,7757.6 mi
75
IN-478547
Landlocked · Power at road
244.3Dec 29, 2025$533,4002,1832,9951.6 mi
70
IN-816509
Dirt · Off grid
55.8May 13, 2025$249,7004,4734,0386.3 mi
70
IN-938737
Paved · Power at road
280.4Dec 9, 2025$2,209,9007,8826,4971.1 mi
69
IN-538641
Dirt · Off grid
261.5Oct 29, 2023$633,9002,4243,4346.1 mi
67
Show adjustment detail for the top comp
  • Tract size (103.18 ac → 108.86 ac)-1.3%
  • 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.