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Madison County, IN · Sold

IN-404375

2929 County Road 366

$78,900
$6,630/ac · 11.90 ac
Acreage11.90 ac
Price per acre$6,630/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJun 22, 2025
Coordinates40.1826, -85.6714
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
19
Low risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope12.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

260 ft of deeded road frontage.

Power11,324 ft away

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

Buildable area9.23 of 11.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$88,711
$72,008$105,413 · $7,455/ac on 11.90 ac
Asking vs estimate
-11.1%
Priced below the comp set

Weighted from 7 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 $78,900
Maximum allowable offer
$50,692
$4,260/ac · +30.0% target margin

You need $28,208 off asking to hit this margin.

All-in cost$55,001
Net resale$81,614
Projected profit$26,613
ROI+48.4%
Annualized+69.2%
Break-even resale$5,024/ac
Profit if resale lands off target
-20%
$10,290
-10%
$18,452
0%
$26,613
+10%
$34,775
+20%
$42,936
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-703939
Dirt · Off grid
8.7Feb 1, 2026$61,8007,1317,1072.4 mi
87
IN-984246
Landlocked · Full utilities
10.8Jun 12, 2025$104,2009,6268,8273.7 mi
81
IN-803849
Landlocked · Off grid
8.1Jul 27, 2026$32,3003,9714,8846.3 mi
80
IN-254853
Dirt · Off grid
16.8Jul 4, 2025$121,1007,2007,8108.5 mi
74
IN-805317
Gravel · Off grid
23.5Apr 27, 2025$181,5007,7127,5664.3 mi
68
IN-312953
Paved · Off grid
4.3Nov 19, 2025$40,9009,6196,7764.9 mi
67
IN-195421
Dirt · Off grid
25.4Nov 15, 2023$199,6007,8649,5925.6 mi
64
Show adjustment detail for the top comp
  • Tract size (8.67 ac → 11.9 ac)-2.5%
  • Market time (6 mo)+2.2%

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.