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Parke County, IN · Sold

IN-957786

973 County Road 350

$840,900
$5,973/ac · 141 ac
Acreage141 ac
Price per acre$5,973/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedOct 15, 2023
Coordinates39.7836, -87.1516
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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,945 ft of deeded road frontage.

Power95 ft away

Power at or near the road.

Buildable area133.21 of 140.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$987,221
$844,895$1,129,547 · $7,013/ac on 141 ac
Asking vs estimate
-14.8%
Priced below the comp set

Weighted from 6 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 $840,900
Maximum allowable offer
$564,126
$4,007/ac · +30.0% target margin

You need $276,774 off asking to hit this margin.

All-in cost$612,077
Net resale$908,243
Projected profit$296,167
ROI+48.4%
Annualized+69.2%
Break-even resale$4,726/ac
Profit if resale lands off target
-20%
$114,518
-10%
$205,342
0%
$296,167
+10%
$386,991
+20%
$477,815
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,9388,2285.7 mi
76
IN-618542
Gravel · Power at road
243.4Feb 14, 2026$1,340,9005,5086,5388.6 mi
75
IN-657837
Dirt · Full utilities
146.1Oct 8, 2023$1,129,0007,7298,3312.0 mi
73
IN-798550
Dirt · Off grid
244.9Nov 2, 2025$885,8003,6185,9531.1 mi
73
IN-946347
Gravel · Power at road
49.6Jul 17, 2024$407,1008,2026,9873.6 mi
64
IN-426369
Gravel · Off grid
50.4Aug 31, 2024$291,1005,7715,7747.9 mi
60
Show adjustment detail for the top comp
  • Tract size (83.93 ac → 140.78 ac)-12.1%
  • Access (Dirt → Gravel)+16.3%
  • Market time (4 mo)+1.5%

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.