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Parke County, IN · Sold

IN-223206

6321 County Road 227

$42,500
$8,333/ac · 5.10 ac
Acreage5.10 ac
Price per acre$8,333/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedOct 23, 2024
Coordinates39.8243, -87.1951
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
3
Low risk
Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

355 ft of deeded road frontage.

Power148 ft away

Power at or near the road.

Buildable area4.69 of 5.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$54,972
$45,294$64,650 · $10,779/ac on 5.10 ac
Asking vs estimate
-22.7%
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 $42,500
Maximum allowable offer
$31,413
$6,159/ac · +30.0% target margin

You need $11,087 off asking to hit this margin.

All-in cost$34,083
Net resale$50,574
Projected profit$16,491
ROI+48.4%
Annualized+69.2%
Break-even resale$7,264/ac
Profit if resale lands off target
-20%
$6,376
-10%
$11,434
0%
$16,491
+10%
$21,549
+20%
$26,606
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-593481
Gravel · Full utilities
6.2Jul 20, 2026$77,50012,46410,3518.0 mi
87
IN-423258
Landlocked · Off grid
5.3Jul 27, 2026$27,1005,1088,8735.0 mi
85
IN-803474
Dirt · Power at road
6.2Jul 27, 2026$58,4009,43111,0994.9 mi
84
IN-302472
Gravel · Power at road
3.0Jul 27, 2026$39,00013,00712,7802.6 mi
84
IN-381736
Paved · Off grid
1.8Jul 27, 2026$19,40011,00910,6548.1 mi
68
IN-701704
Gravel · Power at road
1.7Dec 18, 2024$17,0009,89710,2496.2 mi
68
IN-512334
Dirt · Off grid
2.7Jun 28, 2025$14,8005,4587,6484.1 mi
68
IN-893880
Gravel · Off grid
8.3Jun 10, 2024$68,2008,20510,8375.1 mi
67
IN-864521
Dirt · Off grid
13.2Apr 11, 2025$127,8009,67014,9395.1 mi
62
Show adjustment detail for the top comp
  • Tract size (6.22 ac → 5.1 ac)+1.0%
  • Utilities (Full utilities → Power at road)-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.