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Randolph County, IN · Sold

IN-726220

339 County Road 229

$254,400
$5,618/ac · 45.28 ac
Acreage45.28 ac
Price per acre$5,618/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedJan 2, 2026
Coordinates40.1786, -84.9562
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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

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

View Randolph market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands7.2% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area39.92 of 45.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$270,249
$230,378$310,120 · $5,968/ac on 45.28 ac
Asking vs estimate
-5.9%
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 $254,400
Maximum allowable offer
$154,428
$3,411/ac · +30.0% target margin

You need $99,972 off asking to hit this margin.

All-in cost$167,554
Net resale$248,629
Projected profit$81,074
ROI+48.4%
Annualized+69.2%
Break-even resale$4,022/ac
Profit if resale lands off target
-20%
$31,349
-10%
$56,211
0%
$81,074
+10%
$105,937
+20%
$130,800
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-867146
Dirt · Off grid
88.5Apr 20, 2026$408,5004,6146,1372.8 mi
78
IN-356146
Dirt · Full utilities
42.9Aug 7, 2024$246,6005,7474,8801.9 mi
77
IN-355168
Paved · Power at road
21.1Jul 27, 2026$209,8009,9276,1806.9 mi
72
IN-504440
Gravel · Off grid
12.5Jul 27, 2026$86,9006,9725,6781.7 mi
71
IN-107140
Paved · Power at road
88.2Sep 11, 2024$668,5007,5826,6566.8 mi
67
IN-188354
Landlocked · Off grid
212.4Aug 20, 2025$484,8002,2824,9604.5 mi
62
IN-584046
Dirt · Off grid
9.4Nov 9, 2025$49,4005,2735,0202.6 mi
62
IN-197979
Gravel · Power at road
161.9May 10, 2025$969,0005,9857,0556.4 mi
58
IN-734154
Gravel · Off grid
10.1Sep 29, 2024$89,7008,8507,6208.7 mi
53
Show adjustment detail for the top comp
  • Tract size (88.55 ac → 45.28 ac)+15.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (4 mo)+1.3%

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.