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Parke County, IN · Sold

IN-379622

7497 County Road 151

$2,141,900
$4,024/ac · 532 ac
Acreage532 ac
Price per acre$4,024/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedJan 28, 2025
Coordinates39.8293, -87.2101
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

No material red flags on the mapped layers.

Risk index
2
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope4.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,136 ft of deeded road frontage.

Power242 ft away

Power at or near the road.

Buildable area497.61 of 532.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,408,369
$1,904,362$2,912,376 · $4,524/ac on 532 ac
Asking vs estimate
-11.1%
Priced below the comp set

Weighted from 6 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 $2,141,900
Maximum allowable offer
$1,376,211
$2,585/ac · +30.0% target margin

You need $765,689 off asking to hit this margin.

All-in cost$1,493,189
Net resale$2,215,700
Projected profit$722,511
ROI+48.4%
Annualized+69.2%
Break-even resale$3,049/ac
Profit if resale lands off target
-20%
$279,371
-10%
$500,941
0%
$722,511
+10%
$944,081
+20%
$1,165,651
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-779713
Gravel · Power at road
568.6May 13, 2026$1,801,5003,1683,2685.7 mi
87
IN-489574
Gravel · Power at road
514.1Feb 2, 2025$2,864,7005,5725,8694.5 mi
80
IN-618542
Gravel · Power at road
243.4Feb 14, 2026$1,340,9005,5084,4654.6 mi
79
IN-798550
Dirt · Off grid
244.9Nov 2, 2025$885,8003,6184,0665.4 mi
67
IN-957786
Gravel · Power at road
140.8Feb 27, 2024$760,2005,4004,0704.4 mi
60
IN-657837
Dirt · Full utilities
146.1Oct 8, 2023$1,129,0007,7295,6903.3 mi
55
Show adjustment detail for the top comp
  • Tract size (568.6 ac → 532.32 ac)+2.0%
  • Market time (3 mo)+1.1%

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.