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Parke County, IN · Sold

IN-423258

6542 County Road 153

$27,400
$5,170/ac · 5.30 ac
Acreage5.30 ac
Price per acre$5,170/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedSep 29, 2025
Coordinates39.7535, -87.2135
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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

3 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands4.9% of tract

Little to no mapped wetland coverage.

Average slope10.7%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power14,026 ft away

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

Buildable area4.79 of 5.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,565
$26,136$38,994 · $6,144/ac on 5.30 ac
Asking vs estimate
-15.9%
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 $27,400
Maximum allowable offer
$18,609
$3,511/ac · +30.0% target margin

You need $8,791 off asking to hit this margin.

All-in cost$20,191
Net resale$29,960
Projected profit$9,769
ROI+48.4%
Annualized+69.2%
Break-even resale$4,141/ac
Profit if resale lands off target
-20%
$3,777
-10%
$6,773
0%
$9,769
+10%
$12,765
+20%
$15,761
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-803474
Dirt · Power at road
6.2Jul 27, 2026$58,4009,4316,4032.1 mi
85
IN-593481
Gravel · Full utilities
6.2Jul 20, 2026$77,50012,4645,9724.2 mi
83
IN-381736
Paved · Off grid
1.8Jul 27, 2026$19,40011,0096,1474.4 mi
77
IN-223206
Gravel · Power at road
5.1Jun 19, 2025$37,0007,2504,3865.0 mi
77
IN-302472
Gravel · Power at road
3.0Jul 27, 2026$39,00013,0077,3746.1 mi
76
IN-512334
Dirt · Off grid
2.7Jun 28, 2025$14,8005,4584,4121.8 mi
71
IN-893880
Gravel · Off grid
8.3Jun 10, 2024$68,2008,2056,2521.8 mi
70
IN-864521
Dirt · Off grid
13.2Apr 11, 2025$127,8009,6708,6192.6 mi
66
IN-701704
Gravel · Power at road
1.7Dec 18, 2024$17,0009,8975,9131.3 mi
62
Show adjustment detail for the top comp
  • Tract size (6.19 ac → 5.3 ac)+0.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%

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.