← New search
Madison County, IN · Sold

IN-805317

6365 County Road 332

$173,400
$7,366/ac · 23.54 ac
Acreage23.54 ac
Price per acre$7,366/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedMar 16, 2024
Coordinates40.2416, -85.6434
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
16
Low risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope4.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,240 ft away

Service extension needed; get a utility quote.

Buildable area21.33 of 23.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$175,435
$139,672$211,199 · $7,453/ac on 23.54 ac
Asking vs estimate
-1.2%
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 $173,400
Maximum allowable offer
$100,249
$4,259/ac · +30.0% target margin

You need $73,151 off asking to hit this margin.

All-in cost$108,770
Net resale$161,400
Projected profit$52,630
ROI+48.4%
Annualized+69.2%
Break-even resale$5,022/ac
Profit if resale lands off target
-20%
$20,350
-10%
$36,490
0%
$52,630
+10%
$68,770
+20%
$84,910
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-496841
Landlocked · Power at road
71.0Feb 14, 2026$298,3004,2016,5690.9 mi
73
IN-404375
Dirt · Off grid
11.9Nov 6, 2025$81,9006,8827,6394.3 mi
71
IN-195421
Dirt · Off grid
25.4Nov 15, 2023$199,6007,86410,3138.5 mi
70
IN-803849
Landlocked · Off grid
8.1Jul 27, 2026$32,3003,9715,2519.0 mi
70
IN-254853
Dirt · Off grid
16.8Jul 4, 2025$121,1007,2008,39612.6 mi
69
IN-984246
Landlocked · Full utilities
10.8Jun 12, 2025$104,2009,6269,4901.0 mi
68
IN-703939
Dirt · Off grid
8.7Feb 1, 2026$61,8007,1317,6406.7 mi
68
IN-776783
Landlocked · Off grid
68.1Apr 28, 2026$225,0003,3055,97310.0 mi
67
IN-816509
Dirt · Off grid
55.8May 13, 2025$249,7004,4736,3697.3 mi
65
IN-836438
Landlocked · Off grid
53.0May 20, 2024$193,1003,6426,7438.8 mi
61
Show adjustment detail for the top comp
  • Tract size (71 ac → 23.54 ac)+22.5%
  • Access (Landlocked → Gravel)+47.1%
  • 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.