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Montgomery County, IN · Sold

IN-777002

1896 County Road 253

$294,200
$3,688/ac · 79.78 ac
Acreage79.78 ac
Price per acre$3,688/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedOct 9, 2025
Coordinates40.1131, -86.8348
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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

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands8.0% of tract

Little to no mapped wetland coverage.

Average slope5.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power5,052 ft away

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

Buildable area69.73 of 79.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$372,612
$330,234$414,990 · $4,670/ac on 79.78 ac
Asking vs estimate
-21.0%
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 $294,200
Maximum allowable offer
$212,921
$2,669/ac · +30.0% target margin

You need $81,279 off asking to hit this margin.

All-in cost$231,019
Net resale$342,803
Projected profit$111,784
ROI+48.4%
Annualized+69.3%
Break-even resale$3,148/ac
Profit if resale lands off target
-20%
$43,223
-10%
$77,504
0%
$111,784
+10%
$146,064
+20%
$180,345
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-136573
Gravel · Off grid
58.5Jul 27, 2026$429,8007,3514,6755.7 mi
82
IN-738046
Gravel · Off grid
170.0Apr 21, 2026$963,8005,6714,7349.6 mi
75
IN-916648
Gravel · Power at road
61.7Mar 27, 2025$443,7007,1884,1512.2 mi
74
IN-956634
Dirt · Off grid
61.1Nov 10, 2024$395,8006,4775,1822.3 mi
74
IN-605649
Dirt · Off grid
29.9Jul 27, 2026$218,3007,2924,7614.5 mi
73
IN-766072
Gravel · Off grid
40.7Feb 8, 2026$274,6006,7514,0746.2 mi
72
IN-978537
Paved · Off grid
242.6Jul 27, 2026$1,584,0006,5305,0466.4 mi
72
IN-838153
Dirt · Full utilities
183.7May 26, 2026$1,064,3005,7953,9887.6 mi
70
IN-627894
Landlocked · Off grid
152.2May 9, 2024$511,6003,3614,3299.6 mi
64
IN-257979
Gravel · Full utilities
161.9Aug 5, 2025$1,600,1009,8835,84010.1 mi
64
Show adjustment detail for the top comp
  • Tract size (58.47 ac → 79.78 ac)-6.7%
  • Access (Gravel → Landlocked)-32.0%

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.