Madison County, IN · Sold

IN-538641

397 County Road 107

$705,100

$2,696/ac · 262 ac

Offer report Market this tract

Acreage262 ac

Price per acre$2,696/ac

ZoningUnzoned

Road accessDirt

UtilitiesOff grid

TopographyMixed

ListedSep 25, 2023

Coordinates40.1380, -85.7259

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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

Low risk

Wetlands14.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,478 ft away

Service extension needed; get a utility quote.

Buildable area212.68 of 261.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,054,885

$764,715 – $1,345,054 · $4,033/ac on 262 ac

Asking vs estimate

-33.2%

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 $705,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$602,791

$2,305/ac · +30.0% target margin

You need $102,309 off asking to hit this margin.

All-in cost$654,028

Net resale$970,494

Projected profit$316,466

ROI+48.4%

Annualized+69.2%

Break-even resale$2,718/ac

Profit if resale lands off target

-20%

$122,367

-10%

$219,416

$316,466

+10%

$413,515

+20%

$510,564

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-298906 Dirt · Off grid	316.9	Jul 27, 2026	$769,000	2,427	2,571	2.2 mi	89
IN-478547 Landlocked · Power at road	244.3	Dec 29, 2025	$533,400	2,183	2,362	5.0 mi	80
IN-938737 Paved · Power at road	280.4	Dec 9, 2025	$2,209,900	7,882	5,124	7.0 mi	79
IN-628752 Gravel · Off grid	283.4	Nov 22, 2024	$1,344,000	4,742	4,477	2.5 mi	77
IN-907357 Dirt · Off grid	103.2	Jan 20, 2026	$498,700	4,833	3,851	3.6 mi	73
IN-547431 Dirt · Off grid	108.9	Mar 23, 2025	$407,900	3,747	3,129	6.1 mi	71
IN-619120 Paved · Power at road	370.0	Jan 26, 2025	$2,489,100	6,727	4,912	3.9 mi	71
IN-437636 Paved · Off grid	126.3	Jul 14, 2025	$761,900	6,033	3,766	3.6 mi	70
IN-629859 Gravel · Off grid	632.0	Dec 1, 2024	$2,929,500	4,635	5,554	6.3 mi	62
IN-877374 Landlocked · Off grid	104.5	Aug 15, 2024	$527,100	5,046	5,401	6.1 mi	61

Show adjustment detail for the top comp

Tract size (316.89 ac → 261.54 ac)+5.7%

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