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Parke County, IN · Sold

IN-426369

321 County Road 270

$295,200
$5,853/ac · 50.44 ac
Acreage50.44 ac
Price per acre$5,853/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedMar 6, 2024
Coordinates39.7667, -87.2978
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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
47
Moderate risk
Wetlands31.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,542 ft away

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

Buildable area33.06 of 50.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$372,443
$293,382$451,503 · $7,384/ac on 50.44 ac
Asking vs estimate
-20.7%
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 $295,200
Maximum allowable offer
$212,824
$4,219/ac · +30.0% target margin

You need $82,376 off asking to hit this margin.

All-in cost$230,914
Net resale$342,647
Projected profit$111,733
ROI+48.4%
Annualized+69.3%
Break-even resale$4,976/ac
Profit if resale lands off target
-20%
$43,204
-10%
$77,468
0%
$111,733
+10%
$145,998
+20%
$180,262
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-215911
Dirt · Off grid
36.2Jul 27, 2026$207,2005,7246,2672.2 mi
84
IN-985897
Gravel · Off grid
35.8Mar 27, 2025$308,7008,6158,5515.3 mi
79
IN-516005
Dirt · Power at road
38.8Sep 21, 2025$217,9005,6235,4850.9 mi
78
IN-225804
Gravel · Off grid
33.5Mar 15, 2025$320,8009,5779,4096.4 mi
77
IN-946347
Gravel · Power at road
49.6Jul 17, 2024$407,1008,2027,55710.2 mi
73
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,9388,8997.7 mi
73
IN-415506
Paved · Power at road
27.0Sep 9, 2025$198,5007,3544,9305.6 mi
68
IN-957786
Gravel · Power at road
140.8Feb 27, 2024$760,2005,4006,4457.9 mi
58
IN-657837
Dirt · Full utilities
146.1Oct 8, 2023$1,129,0007,7299,0115.9 mi
56
Show adjustment detail for the top comp
  • Tract size (36.19 ac → 50.44 ac)-6.0%
  • Access (Dirt → Gravel)+16.3%

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.