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Parke County, IN · Sold

IN-381387

365 County Road 198

$10,900
$7,956/ac · 1.37 ac
Acreage1.37 ac
Price per acre$7,956/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedDec 1, 2025
Coordinates39.7073, -87.1743
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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

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

1 item to verify before you offer.

Risk index
18
Low risk
Wetlands8.3% of tract

Little to no mapped wetland coverage.

Average slope8.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

119 ft of deeded road frontage.

Power8,034 ft away

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

Buildable area1.19 of 1.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,947
$11,128$14,766 · $9,450/ac on 1.37 ac
Asking vs estimate
-15.8%
Priced below the comp set

Weighted from 9 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 $10,900
Maximum allowable offer
$7,398
$5,400/ac · +30.0% target margin

You need $3,502 off asking to hit this margin.

All-in cost$8,027
Net resale$11,911
Projected profit$3,884
ROI+48.4%
Annualized+69.3%
Break-even resale$6,368/ac
Profit if resale lands off target
-20%
$1,502
-10%
$2,693
0%
$3,884
+10%
$5,076
+20%
$6,267
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-511347
Gravel · Off grid
1.3Jun 13, 2025$14,10010,58311,1013.3 mi
87
IN-381736
Paved · Off grid
1.8Jul 27, 2026$19,40011,0099,3871.2 mi
86
IN-631007
Gravel · Off grid
1.0May 3, 2026$8,8008,4728,5456.0 mi
83
IN-241096
Gravel · Power at road
1.1Feb 12, 2026$12,00010,7989,3484.4 mi
81
IN-302472
Gravel · Power at road
3.0Jul 27, 2026$39,00013,00711,2619.8 mi
78
IN-701704
Gravel · Power at road
1.7Dec 18, 2024$17,0009,8979,0312.7 mi
75
IN-110398
Landlocked · Off grid
0.7May 18, 2026$4,8007,20510,6287.0 mi
73
IN-230302
Paved · Full utilities
0.6Jul 27, 2026$9,00014,5818,5627.4 mi
72
IN-512334
Dirt · Off grid
2.7Jun 28, 2025$14,8005,4586,7384.1 mi
69
Show adjustment detail for the top comp
  • Market time (14 mo)+4.9%

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.