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Montgomery County, IN · Sold

IN-248730

5776 County Road 237

$927,700
$3,326/ac · 279 ac
Acreage279 ac
Price per acre$3,326/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedSep 6, 2023
Coordinates40.0613, -86.8567
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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

4 items to verify before you offer.

Risk index
14
Low risk
Wetlands12.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,598 ft of deeded road frontage.

Power1,300 ft away

Service extension needed; get a utility quote.

Buildable area231.09 of 278.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,305,366
$1,043,162$1,567,569 · $4,679/ac on 279 ac
Asking vs estimate
-28.9%
Priced below 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 $927,700
Maximum allowable offer
$745,923
$2,674/ac · +30.0% target margin

You need $181,777 off asking to hit this margin.

All-in cost$809,326
Net resale$1,200,936
Projected profit$391,610
ROI+48.4%
Annualized+69.2%
Break-even resale$3,154/ac
Profit if resale lands off target
-20%
$151,423
-10%
$271,516
0%
$391,610
+10%
$511,703
+20%
$631,797
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-978537
Paved · Off grid
242.6Jul 27, 2026$1,584,0006,5305,3286.1 mi
85
IN-838153
Dirt · Full utilities
183.7May 26, 2026$1,064,3005,7954,2113.9 mi
83
IN-738046
Gravel · Off grid
170.0Apr 21, 2026$963,8005,6715,0007.5 mi
78
IN-939077
Landlocked · Power at road
358.7Apr 27, 2025$852,6002,3773,3735.6 mi
72
IN-777002
Landlocked · Off grid
79.8Jul 27, 2026$248,0003,1093,2903.8 mi
71
IN-257979
Gravel · Full utilities
161.9Aug 5, 2025$1,600,1009,8836,1686.8 mi
70
IN-169374
Dirt · Power at road
444.8Nov 22, 2024$2,002,1004,5015,4754.1 mi
67
IN-627894
Landlocked · Off grid
152.2May 9, 2024$511,6003,3614,5726.8 mi
64
Show adjustment detail for the top comp
  • Tract size (242.56 ac → 278.96 ac)-3.9%
  • Access (Paved → Gravel)-15.3%

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.