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Montgomery County, IN · Sold

IN-978537

236 County Road 203

$1,835,500
$7,567/ac · 243 ac
Acreage243 ac
Price per acre$7,567/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedAug 20, 2025
Coordinates40.1075, -86.9552
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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

Montgomery County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Montgomery market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
17
Low risk
Wetlands11.0% of tract

Little to no mapped wetland coverage.

Average slope3.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,812 ft of deeded road frontage.

Power6,284 ft away

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

Buildable area205.08 of 242.56 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,318,535
$1,023,373$1,613,697 · $5,436/ac on 243 ac
Asking vs estimate
+39.2%
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 $1,835,500
Maximum allowable offer
$753,449
$3,106/ac · +30.0% target margin

You need $1,082,051 off asking to hit this margin.

All-in cost$817,492
Net resale$1,213,052
Projected profit$395,560
ROI+48.4%
Annualized+69.2%
Break-even resale$3,663/ac
Profit if resale lands off target
-20%
$152,950
-10%
$274,255
0%
$395,560
+10%
$516,866
+20%
$638,171
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-738046
Gravel · Off grid
170.0Apr 21, 2026$963,8005,6716,1414.4 mi
79
IN-838153
Dirt · Full utilities
183.7May 26, 2026$1,064,3005,7955,1728.6 mi
77
IN-248730
Gravel · Off grid
279.0Oct 30, 2024$886,9003,1794,1996.1 mi
73
IN-777002
Landlocked · Off grid
79.8Jul 27, 2026$248,0003,1094,0416.4 mi
72
IN-257979
Gravel · Full utilities
161.9Aug 5, 2025$1,600,1009,8837,5767.2 mi
70
IN-939077
Landlocked · Power at road
358.7Apr 27, 2025$852,6002,3774,1438.3 mi
68
IN-169374
Dirt · Power at road
444.8Nov 22, 2024$2,002,1004,5016,7256.6 mi
64
IN-627894
Landlocked · Off grid
152.2May 9, 2024$511,6003,3615,61612.6 mi
63
Show adjustment detail for the top comp
  • Tract size (169.96 ac → 242.56 ac)-9.4%
  • Access (Gravel → Paved)+18.0%
  • 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.