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Parke County, IN · Sold

IN-215911

2901 County Road 383

$227,400
$6,284/ac · 36.19 ac
Acreage36.19 ac
Price per acre$6,284/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedApr 9, 2026
Coordinates39.7851, -87.2642
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

2 items to verify before you offer.

Risk index
23
Low risk
Wetlands7.9% of tract

Little to no mapped wetland coverage.

Average slope7.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power6,312 ft away

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

Buildable area31.66 of 36.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$250,992
$193,420$308,564 · $6,935/ac on 36.19 ac
Asking vs estimate
-9.4%
Priced below the comp set

Weighted from 8 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 $227,400
Maximum allowable offer
$143,424
$3,963/ac · +30.0% target margin

You need $83,976 off asking to hit this margin.

All-in cost$155,615
Net resale$230,913
Projected profit$75,298
ROI+48.4%
Annualized+69.3%
Break-even resale$4,674/ac
Profit if resale lands off target
-20%
$29,115
-10%
$52,207
0%
$75,298
+10%
$98,389
+20%
$121,480
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-516005
Dirt · Power at road
38.8Sep 21, 2025$217,9005,6235,0211.8 mi
83
IN-985897
Gravel · Off grid
35.8Mar 27, 2025$308,7008,6157,8273.4 mi
79
IN-225804
Gravel · Off grid
33.5Mar 15, 2025$320,8009,5778,6124.9 mi
77
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,9388,1467.3 mi
76
IN-415506
Paved · Power at road
27.0Sep 9, 2025$198,5007,3544,5133.5 mi
74
IN-426369
Gravel · Off grid
50.4Aug 31, 2024$291,1005,7715,7172.2 mi
72
IN-864521
Dirt · Off grid
13.2Apr 11, 2025$127,8009,6708,9141.2 mi
69
IN-946347
Gravel · Power at road
49.6Jul 17, 2024$407,1008,2026,9178.8 mi
66
Show adjustment detail for the top comp
  • Tract size (38.75 ac → 36.19 ac)+1.2%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (11 mo)+3.8%

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.