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Madison County, IN · Sold

IN-751263

1199 County Road 363

$10,400
$8,320/ac · 1.25 ac
Acreage1.25 ac
Price per acre$8,320/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedFeb 22, 2024
Coordinates40.2410, -85.6440
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
12
Low risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope4.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,190 ft away

Service extension needed; get a utility quote.

Buildable area1.17 of 1.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$9,233
$7,394$11,072 · $7,387/ac on 1.25 ac
Asking vs estimate
+12.6%
Priced above 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 $10,400
Maximum allowable offer
$5,276
$4,221/ac · +30.0% target margin

You need $5,124 off asking to hit this margin.

All-in cost$5,724
Net resale$8,495
Projected profit$2,770
ROI+48.4%
Annualized+69.3%
Break-even resale$4,978/ac
Profit if resale lands off target
-20%
$1,071
-10%
$1,921
0%
$2,770
+10%
$3,620
+20%
$4,469
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-571023
Dirt · Power at road
1.1Jul 1, 2026$6,5006,1715,2615.5 mi
89
IN-810634
Dirt · Off grid
0.8May 30, 2026$6,7008,4898,5237.2 mi
80
IN-810794
Paved · Power at road
0.9Jan 17, 2026$11,10012,5067,9053.8 mi
76
IN-370485
Gravel · Power at road
0.7Aug 8, 2025$8,30011,7468,9040.9 mi
72
IN-271644
Gravel · Off grid
1.6Nov 22, 2024$9,5005,7505,3264.8 mi
72
IN-762558
Gravel · Off grid
3.2Aug 1, 2025$30,5009,5738,7599.0 mi
68
IN-312953
Paved · Off grid
4.3Nov 19, 2025$40,9009,6197,4438.1 mi
63
Show adjustment detail for the top comp
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (1 mo)+0.5%

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.