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Parke County, IN · Sold

IN-798550

5095 County Road 271

$968,100
$3,954/ac · 245 ac
Acreage245 ac
Price per acre$3,954/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedJan 9, 2025
Coordinates39.7688, -87.1444
Loading terrain…
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

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

View Parke market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands16.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,029 ft of deeded road frontage.

Power7,950 ft away

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

Buildable area193.54 of 244.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,062,580
$856,490$1,268,669 · $4,340/ac on 245 ac
Asking vs estimate
-8.9%
Priced below the comp set

Weighted from 7 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 $968,100
Maximum allowable offer
$607,188
$2,480/ac · +30.0% target margin

You need $360,912 off asking to hit this margin.

All-in cost$658,799
Net resale$977,573
Projected profit$318,774
ROI+48.4%
Annualized+69.2%
Break-even resale$2,924/ac
Profit if resale lands off target
-20%
$123,260
-10%
$221,017
0%
$318,774
+10%
$416,532
+20%
$514,289
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-618542
Gravel · Power at road
243.4Feb 14, 2026$1,340,9005,5084,1049.4 mi
79
IN-657837
Dirt · Full utilities
146.1Oct 8, 2023$1,129,0007,7295,2302.6 mi
72
IN-779713
Gravel · Power at road
568.6May 13, 2026$1,801,5003,1683,0036.5 mi
70
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,9385,1654.8 mi
70
IN-379622
Gravel · Power at road
532.3Mar 18, 2026$2,174,0004,0843,8195.4 mi
70
IN-957786
Gravel · Power at road
140.8Feb 27, 2024$760,2005,4003,7411.1 mi
66
IN-489574
Gravel · Power at road
514.1Feb 2, 2025$2,864,7005,5725,3946.6 mi
63
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (6 mo)+2.1%

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.