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Parke County, IN · Sold

IN-381736

7231 County Road 371

$23,400
$13,295/ac · 1.76 ac
Acreage1.76 ac
Price per acre$13,295/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedJan 27, 2026
Coordinates39.7115, -87.1521
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
32
Moderate risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope23.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

135 ft of deeded road frontage.

Power12,276 ft away

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

Buildable area1.00 of 1.76 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$18,525
$15,358$21,692 · $10,526/ac on 1.76 ac
Asking vs estimate
+26.3%
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 $23,400
Maximum allowable offer
$10,586
$6,015/ac · +30.0% target margin

You need $12,814 off asking to hit this margin.

All-in cost$11,486
Net resale$17,043
Projected profit$5,557
ROI+48.4%
Annualized+69.2%
Break-even resale$7,094/ac
Profit if resale lands off target
-20%
$2,149
-10%
$3,853
0%
$5,557
+10%
$7,261
+20%
$8,966
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-381387
Gravel · Off grid
1.4Jul 27, 2026$9,5006,9068,1351.2 mi
86
IN-631007
Gravel · Off grid
1.0May 3, 2026$8,8008,47210,0437.0 mi
80
IN-241096
Gravel · Power at road
1.1Feb 12, 2026$12,00010,79810,9875.5 mi
78
IN-423258
Landlocked · Off grid
5.3Jul 27, 2026$27,1005,1089,1884.4 mi
77
IN-701704
Gravel · Power at road
1.7Dec 18, 2024$17,0009,89710,6143.4 mi
76
IN-511347
Gravel · Off grid
1.3Jun 13, 2025$14,10010,58313,0473.2 mi
75
IN-302472
Gravel · Power at road
3.0Jul 27, 2026$39,00013,00713,23510.0 mi
74
IN-512334
Dirt · Off grid
2.7Jun 28, 2025$14,8005,4587,9204.2 mi
72
IN-230302
Paved · Full utilities
0.6Jul 27, 2026$9,00014,58110,0637.3 mi
72
IN-110398
Landlocked · Off grid
0.7May 18, 2026$4,8007,20512,4918.0 mi
70
Show adjustment detail for the top comp
  • Access (Gravel → Paved)+18.0%

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.