Parke County, IN · Sold

IN-511347

961 County Road 198

$17,000

$12,782/ac · 1.33 ac

Offer report Market this tract

Acreage1.33 ac

Price per acre$12,782/ac

ZoningResidential

Road accessGravel

UtilitiesOff grid

TopographyRolling

ListedJan 3, 2025

Coordinates39.7545, -87.1747

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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

5 items to verify before you offer.

Risk index

Low risk

Wetlands16.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope10.3%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

137 ft of deeded road frontage.

Power6,620 ft away

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

Buildable area1.06 of 1.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$11,848

$9,973 – $13,724 · $8,909/ac on 1.33 ac

Asking vs estimate

+43.5%

Priced above 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 $17,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$6,770

$5,091/ac · +30.0% target margin

You need $10,230 off asking to hit this margin.

All-in cost$7,345

Net resale$10,900

Projected profit$3,555

ROI+48.4%

Annualized+69.3%

Break-even resale$6,003/ac

Profit if resale lands off target

-20%

$1,375

-10%

$2,465

$3,555

+10%

$4,645

+20%

$5,735

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-381387 Gravel · Off grid	1.4	Jul 27, 2026	$9,500	6,906	6,924	3.3 mi	96
IN-381736 Paved · Off grid	1.8	Jul 27, 2026	$19,400	11,009	9,391	3.2 mi	84
IN-631007 Gravel · Off grid	1.0	May 3, 2026	$8,800	8,472	8,548	5.2 mi	84
IN-241096 Gravel · Power at road	1.1	Feb 12, 2026	$12,000	10,798	9,352	4.5 mi	81
IN-302472 Gravel · Power at road	3.0	Jul 27, 2026	$39,000	13,007	11,266	6.8 mi	79
IN-701704 Gravel · Power at road	1.7	Dec 18, 2024	$17,000	9,897	9,034	2.3 mi	75
IN-110398 Landlocked · Off grid	0.7	May 18, 2026	$4,800	7,205	10,632	6.6 mi	74
IN-230302 Paved · Full utilities	0.6	Jul 27, 2026	$9,000	14,581	8,565	4.1 mi	74
IN-512334 Dirt · Off grid	2.7	Jun 28, 2025	$14,800	5,458	6,741	1.0 mi	71

Show adjustment detail for the top comp

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.

Build the listing kit Post a deal or JV