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Ripley County, IN · Sold

IN-206359

8243 County Road 151

$368,900
$7,368/ac · 50.07 ac
Acreage50.07 ac
Price per acre$7,368/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedAug 29, 2023
Coordinates39.0925, -85.1718
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

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

View Ripley market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands0.7% of tract

Little to no mapped wetland coverage.

Average slope28.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power142 ft away

Power at or near the road.

Buildable area29.83 of 50.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$363,607
$270,716$456,498 · $7,262/ac on 50.07 ac
Asking vs estimate
+1.5%
In line with the comp set

Weighted from 10 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 $368,900
Maximum allowable offer
$207,775
$4,150/ac · +30.0% target margin

You need $161,125 off asking to hit this margin.

All-in cost$225,436
Net resale$334,518
Projected profit$109,082
ROI+48.4%
Annualized+69.3%
Break-even resale$4,894/ac
Profit if resale lands off target
-20%
$42,179
-10%
$75,631
0%
$109,082
+10%
$142,534
+20%
$175,986
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-336291
Dirt · Off grid
47.7May 15, 2026$345,0007,2388,5227.1 mi
89
IN-796700
Dirt · Power at road
64.1May 30, 2026$562,9008,7819,3296.9 mi
88
IN-946864
Paved · Power at road
72.2Jul 27, 2026$444,7006,1604,8653.8 mi
87
IN-726070
Landlocked · Power at road
40.6Jul 6, 2026$248,6006,1217,4701.4 mi
86
IN-596751
Gravel · Power at road
66.5Jul 27, 2026$534,4008,0337,3507.2 mi
86
IN-216418
Landlocked · Power at road
52.3Sep 18, 2025$419,5008,02610,6305.8 mi
80
IN-475607
Landlocked · Off grid
29.0Jul 27, 2026$101,2003,4844,7136.0 mi
77
IN-395311
Dirt · Power at road
23.4Mar 3, 2026$165,9007,0796,3392.5 mi
76
IN-346846
Gravel · Off grid
71.3Sep 15, 2025$487,9006,8477,7560.5 mi
76
IN-675681
Gravel · Power at road
30.6Nov 3, 2025$197,2006,4375,2318.6 mi
75
Show adjustment detail for the top comp
  • Tract size (47.66 ac → 50.07 ac)-1.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (3 mo)+1.1%

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.