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Parke County, IN · Sold

IN-864521

3724 County Road 233

$125,700
$9,508/ac · 13.22 ac
Acreage13.22 ac
Price per acre$9,508/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMay 26, 2024
Coordinates39.7685, -87.2584
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

5 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands21.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.2%

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.

Power7,978 ft away

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

Buildable area9.83 of 13.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$91,801
$72,992$110,611 · $6,944/ac on 13.22 ac
Asking vs estimate
+36.9%
Priced above the comp set

Weighted from 10 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 $125,700
Maximum allowable offer
$52,458
$3,968/ac · +30.0% target margin

You need $73,242 off asking to hit this margin.

All-in cost$56,917
Net resale$84,457
Projected profit$27,540
ROI+48.4%
Annualized+69.2%
Break-even resale$4,680/ac
Profit if resale lands off target
-20%
$10,649
-10%
$19,095
0%
$27,540
+10%
$35,986
+20%
$44,432
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-215911
Dirt · Off grid
36.2Jul 27, 2026$207,2005,7246,5751.2 mi
78
IN-803474
Dirt · Power at road
6.2Jul 27, 2026$58,4009,4317,5914.6 mi
77
IN-593481
Gravel · Full utilities
6.2Jul 20, 2026$77,50012,4647,0792.9 mi
76
IN-423258
Landlocked · Off grid
5.3Jul 27, 2026$27,1005,1086,0682.6 mi
76
IN-893880
Gravel · Off grid
8.3Jun 10, 2024$68,2008,2057,4110.9 mi
70
IN-516005
Dirt · Power at road
38.8Sep 21, 2025$217,9005,6235,7541.3 mi
69
IN-415506
Paved · Power at road
27.0Sep 9, 2025$198,5007,3545,1724.4 mi
68
IN-985897
Gravel · Off grid
35.8Mar 27, 2025$308,7008,6158,9714.5 mi
64
IN-225804
Gravel · Off grid
33.5Mar 15, 2025$320,8009,5779,8716.0 mi
63
IN-223206
Gravel · Power at road
5.1Jun 19, 2025$37,0007,2505,1995.1 mi
63
Show adjustment detail for the top comp
  • Tract size (36.19 ac → 13.22 ac)+14.6%

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.