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Porter County, IN · Sold

IN-696545

1196 County Road 61

$504,400
$8,804/ac · 57.29 ac
Acreage57.29 ac
Price per acre$8,804/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedFeb 15, 2025
Coordinates41.5281, -87.0945
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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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands13.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

869 ft of deeded road frontage.

Power14,376 ft away

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

Buildable area46.97 of 57.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$421,666
$337,474$505,858 · $7,360/ac on 57.29 ac
Asking vs estimate
+19.6%
Priced above the comp set

Weighted from 8 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 $504,400
Maximum allowable offer
$240,952
$4,206/ac · +30.0% target margin

You need $263,448 off asking to hit this margin.

All-in cost$261,433
Net resale$387,933
Projected profit$126,500
ROI+48.4%
Annualized+69.2%
Break-even resale$4,960/ac
Profit if resale lands off target
-20%
$48,913
-10%
$87,707
0%
$126,500
+10%
$165,293
+20%
$204,086
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-436656
Dirt · Power at road
62.1Aug 21, 2025$296,8004,7805,0055.0 mi
81
IN-276080
Paved · Full utilities
40.9Jan 13, 2026$653,80015,9819,0472.3 mi
81
IN-786187
Dirt · Power at road
44.2Jul 27, 2026$289,0006,5376,1476.9 mi
80
IN-337633
Gravel · Power at road
126.0Jul 25, 2026$726,7005,7675,9171.7 mi
78
IN-946577
Gravel · Off grid
58.6Jul 27, 2024$446,0007,6068,3035.1 mi
78
IN-617273
Landlocked · Power at road
97.1Jun 29, 2026$524,5005,4027,6575.4 mi
76
IN-165298
Dirt · Full utilities
23.2Jul 27, 2026$262,30011,2967,8285.9 mi
71
IN-987029
Landlocked · Power at road
81.3Jan 2, 2025$527,6006,4859,3598.0 mi
68
Show adjustment detail for the top comp
  • Tract size (62.09 ac → 57.29 ac)+1.7%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (12 mo)+4.1%

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.