Madison County, IN · Sold

IN-836438

1948 County Road 101

$207,200

$3,908/ac · 53.02 ac

Offer report Market this tract

Acreage53.02 ac

Price per acre$3,908/ac

ZoningMixed Use

Road accessLandlocked

UtilitiesOff grid

TopographyWooded

ListedOct 17, 2023

Coordinates40.2073, -85.8039

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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

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands14.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power11,534 ft away

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

Buildable area42.96 of 53.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$242,046

$191,865 – $292,227 · $4,565/ac on 53.02 ac

Asking vs estimate

-14.4%

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 $207,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$138,312

$2,609/ac · +30.0% target margin

You need $68,888 off asking to hit this margin.

All-in cost$150,069

Net resale$222,682

Projected profit$72,613

ROI+48.4%

Annualized+69.2%

Break-even resale$3,077/ac

Profit if resale lands off target

-20%

$28,077

-10%

$50,345

$72,613

+10%

$94,882

+20%

$117,150

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-776783 Landlocked · Off grid	68.1	Apr 28, 2026	$225,000	3,305	3,530	1.6 mi	90
IN-496841 Landlocked · Power at road	71.0	Feb 14, 2026	$298,300	4,201	3,882	9.4 mi	76
IN-816509 Dirt · Off grid	55.8	May 13, 2025	$249,700	4,473	3,764	10.3 mi	75
IN-907357 Dirt · Off grid	103.2	Jan 20, 2026	$498,700	4,833	4,551	9.9 mi	74
IN-877374 Landlocked · Off grid	104.5	Aug 15, 2024	$527,100	5,046	6,383	1.7 mi	74
IN-437636 Paved · Off grid	126.3	Jul 14, 2025	$761,900	6,033	4,451	4.0 mi	67
IN-547431 Dirt · Off grid	108.9	Mar 23, 2025	$407,900	3,747	3,698	6.6 mi	66
IN-805317 Gravel · Off grid	23.5	Apr 27, 2025	$181,500	7,712	4,807	8.8 mi	64
IN-195421 Dirt · Off grid	25.4	Nov 15, 2023	$199,600	7,864	6,094	2.9 mi	63
IN-254853 Dirt · Off grid	16.8	Jul 4, 2025	$121,100	7,200	4,962	8.0 mi	61

Show adjustment detail for the top comp

Tract size (68.08 ac → 53.02 ac)+5.5%
Market time (4 mo)+1.3%

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.

Build the listing kit Post a deal or JV