← New search
Parke County, IN · Sold

IN-946347

4061 County Road 295

$412,500
$8,310/ac · 49.64 ac
Acreage49.64 ac
Price per acre$8,310/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedAug 14, 2023
Coordinates39.7426, -87.1084
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

3 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands2.0% of tract

Little to no mapped wetland coverage.

Average slope28.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power220 ft away

Power at or near the road.

Buildable area29.19 of 49.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$423,329
$329,516$517,141 · $8,528/ac on 49.64 ac
Asking vs estimate
-2.6%
In line with 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 $412,500
Maximum allowable offer
$241,902
$4,873/ac · +30.0% target margin

You need $170,598 off asking to hit this margin.

All-in cost$262,464
Net resale$389,462
Projected profit$126,999
ROI+48.4%
Annualized+69.2%
Break-even resale$5,747/ac
Profit if resale lands off target
-20%
$49,106
-10%
$88,052
0%
$126,999
+10%
$165,945
+20%
$204,891
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-215911
Dirt · Off grid
36.2Jul 27, 2026$207,2005,7247,3978.8 mi
78
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,93810,5034.5 mi
77
IN-516005
Dirt · Power at road
38.8Sep 21, 2025$217,9005,6236,4749.3 mi
74
IN-426369
Gravel · Off grid
50.4Aug 31, 2024$291,1005,7717,37110.2 mi
73
IN-985897
Gravel · Off grid
35.8Mar 27, 2025$308,7008,61510,0939.6 mi
71
IN-225804
Gravel · Off grid
33.5Mar 15, 2025$320,8009,57711,10511.4 mi
69
IN-415506
Paved · Power at road
27.0Sep 9, 2025$198,5007,3545,8198.7 mi
68
IN-957786
Gravel · Power at road
140.8Feb 27, 2024$760,2005,4007,6073.6 mi
63
IN-657837
Dirt · Full utilities
146.1Oct 8, 2023$1,129,0007,72910,6355.2 mi
60
Show adjustment detail for the top comp
  • Tract size (36.19 ac → 49.64 ac)-5.7%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%

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.