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Madison County, IN · Sold

IN-619120

3961 County Road 372

$2,609,100
$7,051/ac · 370 ac
Acreage370 ac
Price per acre$7,051/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedApr 19, 2024
Coordinates40.1915, -85.7024
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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

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,752 ft of deeded road frontage.

Power232 ft away

Power at or near the road.

Buildable area337.82 of 370.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,996,976
$1,437,823$2,556,129 · $5,397/ac on 370 ac
Asking vs estimate
+30.7%
Priced above the comp set

Weighted from 8 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 $2,609,100
Maximum allowable offer
$1,141,129
$3,084/ac · +30.0% target margin

You need $1,467,971 off asking to hit this margin.

All-in cost$1,238,125
Net resale$1,837,218
Projected profit$599,093
ROI+48.4%
Annualized+69.2%
Break-even resale$3,637/ac
Profit if resale lands off target
-20%
$231,649
-10%
$415,371
0%
$599,093
+10%
$782,815
+20%
$966,536
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-298906
Dirt · Off grid
316.9Jul 27, 2026$769,0002,4273,7511.8 mi
85
IN-938737
Paved · Power at road
280.4Dec 9, 2025$2,209,9007,8827,4763.1 mi
82
IN-478547
Landlocked · Power at road
244.3Dec 29, 2025$533,4002,1833,4461.2 mi
79
IN-628752
Gravel · Off grid
283.4Nov 22, 2024$1,344,0004,7426,5316.1 mi
74
IN-437636
Paved · Off grid
126.3Jul 14, 2025$761,9006,0335,4945.6 mi
70
IN-538641
Dirt · Off grid
261.5Oct 29, 2023$633,9002,4243,9513.9 mi
67
IN-629859
Gravel · Off grid
632.0Dec 1, 2024$2,929,5004,6358,1023.4 mi
67
IN-547431
Dirt · Off grid
108.9Mar 23, 2025$407,9003,7474,5652.2 mi
61
Show adjustment detail for the top comp
  • Tract size (316.89 ac → 370.03 ac)-4.5%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Power at road)+17.6%

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.