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Ripley County, IN · Sold

IN-978572

2454 County Road 65

$1,315,000
$5,286/ac · 249 ac
Acreage249 ac
Price per acre$5,286/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedSep 25, 2023
Coordinates39.0474, -85.1887
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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands13.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,623 ft of deeded road frontage.

Power8,594 ft away

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

Buildable area204.21 of 248.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$938,015
$706,970$1,169,059 · $3,770/ac on 249 ac
Asking vs estimate
+40.2%
Priced above 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 $1,315,000
Maximum allowable offer
$536,008
$2,154/ac · +30.0% target margin

You need $778,992 off asking to hit this margin.

All-in cost$581,569
Net resale$862,974
Projected profit$281,405
ROI+48.4%
Annualized+69.2%
Break-even resale$2,541/ac
Profit if resale lands off target
-20%
$108,810
-10%
$195,108
0%
$281,405
+10%
$367,702
+20%
$454,000
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-448852
Paved · Off grid
304.7Jul 15, 2026$1,665,4005,4654,2386.1 mi
83
IN-498890
Gravel · Full utilities
313.2Jul 27, 2026$1,319,0004,2112,7035.3 mi
81
IN-308505
Landlocked · Power at road
237.0Nov 12, 2025$684,1002,8873,1585.4 mi
79
IN-548759
Gravel · Power at road
284.9Apr 4, 2026$2,117,0007,4315,7359.7 mi
78
IN-319998
Landlocked · Off grid
699.0Jul 27, 2026$1,142,2001,6342,8175.2 mi
77
IN-949438
Gravel · Off grid
465.9Jun 3, 2026$1,494,6003,2083,3453.7 mi
77
IN-578355
Dirt · Off grid
212.6May 22, 2024$623,0002,9303,0663.5 mi
76
IN-509088
Gravel · Off grid
361.6Jan 7, 2024$1,231,3003,4063,6234.3 mi
72
IN-257945
Dirt · Power at road
158.0Oct 12, 2024$926,4005,8644,7342.4 mi
72
IN-346846
Gravel · Off grid
71.3Sep 15, 2025$487,9006,8474,4223.7 mi
69
Show adjustment detail for the top comp
  • Tract size (304.74 ac → 248.79 ac)+6.0%
  • Access (Paved → Dirt)-27.1%
  • Market time (1 mo)+0.4%

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.