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Porter County, IN · Sold

IN-330791

4233 County Road 232

$12,000
$13,483/ac · 0.89 ac
Acreage0.89 ac
Price per acre$13,483/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedFeb 15, 2025
Coordinates41.5547, -87.1674
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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

Porter County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Porter market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

95 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area0.81 of 0.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,551
$10,251$14,851 · $14,102/ac on 0.89 ac
Asking vs estimate
-4.4%
In line with 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 $12,000
Maximum allowable offer
$7,172
$8,058/ac · +30.0% target margin

You need $4,828 off asking to hit this margin.

All-in cost$7,782
Net resale$11,547
Projected profit$3,765
ROI+48.4%
Annualized+69.2%
Break-even resale$9,504/ac
Profit if resale lands off target
-20%
$1,456
-10%
$2,611
0%
$3,765
+10%
$4,920
+20%
$6,075
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-940321
Gravel · Full utilities
0.6Jul 27, 2026$9,10014,51314,5064.7 mi
85
IN-821332
Dirt · Full utilities
1.3Jul 27, 2026$14,60011,14613,0457.1 mi
80
IN-722127
Gravel · Off grid
2.3Apr 3, 2025$24,80010,66216,4215.7 mi
69
IN-891457
Landlocked · Power at road
1.4Oct 17, 2025$14,0009,72618,1599.1 mi
68
IN-902313
Gravel · Off grid
2.7Jan 21, 2026$21,4007,99711,9639.7 mi
65
IN-191990
Dirt · Off grid
2.1Sep 8, 2025$12,2005,79710,1818.0 mi
63
Show adjustment detail for the top comp

    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.