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Montgomery County, IN · Sold

IN-627894

9315 County Road 115

$623,200
$4,094/ac · 152 ac
Acreage152 ac
Price per acre$4,094/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedFeb 13, 2024
Coordinates39.9783, -86.7876
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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
53
Moderate risk
Wetlands2.4% of tract

Little to no mapped wetland coverage.

Average slope23.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power13,830 ft away

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

Buildable area89.15 of 152.24 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$573,386
$454,081$692,691 · $3,766/ac on 152 ac
Asking vs estimate
+8.7%
Priced above 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 $623,200
Maximum allowable offer
$327,649
$2,152/ac · +30.0% target margin

You need $295,551 off asking to hit this margin.

All-in cost$355,499
Net resale$527,515
Projected profit$172,016
ROI+48.4%
Annualized+69.2%
Break-even resale$2,538/ac
Profit if resale lands off target
-20%
$66,513
-10%
$119,264
0%
$172,016
+10%
$224,767
+20%
$277,519
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-838153
Dirt · Full utilities
183.7May 26, 2026$1,064,3005,7953,3914.4 mi
81
IN-257979
Gravel · Full utilities
161.9Aug 5, 2025$1,600,1009,8834,9669.3 mi
80
IN-738046
Gravel · Off grid
170.0Apr 21, 2026$963,8005,6714,02612.3 mi
79
IN-777002
Landlocked · Off grid
79.8Jul 27, 2026$248,0003,1092,6499.6 mi
77
IN-978537
Paved · Off grid
242.6Jul 27, 2026$1,584,0006,5304,29012.6 mi
75
IN-136573
Gravel · Off grid
58.5Jul 27, 2026$429,8007,3513,9758.8 mi
71
IN-248730
Gravel · Off grid
279.0Oct 30, 2024$886,9003,1792,7536.8 mi
65
IN-956634
Dirt · Off grid
61.1Nov 10, 2024$395,8006,4774,4068.2 mi
65
IN-939077
Landlocked · Power at road
358.7Apr 27, 2025$852,6002,3772,7166.6 mi
65
IN-169374
Dirt · Power at road
444.8Nov 22, 2024$2,002,1004,5014,4099.9 mi
61
Show adjustment detail for the top comp
  • Tract size (183.66 ac → 152.24 ac)+5.2%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (3 mo)+0.9%

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.