← New search
Parke County, IN · Sold

IN-415506

9348 County Road 278

$190,300
$7,051/ac · 26.99 ac
Acreage26.99 ac
Price per acre$7,051/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedFeb 6, 2025
Coordinates39.8279, -87.2301
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
16
Low risk
Wetlands11.9% of tract

Little to no mapped wetland coverage.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

879 ft of deeded road frontage.

Power225 ft away

Power at or near the road.

Buildable area22.59 of 26.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$320,347
$258,840$381,854 · $11,869/ac on 26.99 ac
Asking vs estimate
-40.6%
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 $190,300
Maximum allowable offer
$183,055
$6,782/ac · +30.0% target margin

You need $7,245 off asking to hit this margin.

All-in cost$198,615
Net resale$294,719
Projected profit$96,105
ROI+48.4%
Annualized+69.3%
Break-even resale$7,999/ac
Profit if resale lands off target
-20%
$37,161
-10%
$66,633
0%
$96,105
+10%
$125,577
+20%
$155,049
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-215911
Dirt · Off grid
36.2Jul 27, 2026$207,2005,7249,7153.5 mi
82
IN-516005
Dirt · Power at road
38.8Sep 21, 2025$217,9005,6238,5025.3 mi
79
IN-985897
Gravel · Off grid
35.8Mar 27, 2025$308,7008,61513,2550.9 mi
74
IN-225804
Gravel · Off grid
33.5Mar 15, 2025$320,8009,57714,5842.7 mi
74
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,93813,7959.0 mi
66
IN-864521
Dirt · Off grid
13.2Apr 11, 2025$127,8009,67015,0954.4 mi
65
IN-426369
Gravel · Off grid
50.4Aug 31, 2024$291,1005,7719,6805.6 mi
63
IN-946347
Gravel · Power at road
49.6Jul 17, 2024$407,1008,20211,7148.7 mi
63
IN-893880
Gravel · Off grid
8.3Jun 10, 2024$68,2008,20510,9504.7 mi
57
Show adjustment detail for the top comp
  • Tract size (36.19 ac → 26.99 ac)+4.9%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Power at road)+17.6%

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.