← New search
Ripley County, IN · Sold

IN-498890

253 County Road 218

$1,602,700
$5,117/ac · 313 ac
Acreage313 ac
Price per acre$5,117/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedMay 6, 2026
Coordinates39.1228, -85.1667
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
27
Low risk
Wetlands19.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area240.15 of 313.24 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,198,178
$1,639,096$2,757,261 · $7,018/ac on 313 ac
Asking vs estimate
-27.1%
Priced below 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 $1,602,700
Maximum allowable offer
$1,256,102
$4,010/ac · +30.0% target margin

You need $346,598 off asking to hit this margin.

All-in cost$1,362,871
Net resale$2,022,324
Projected profit$659,454
ROI+48.4%
Annualized+69.2%
Break-even resale$4,729/ac
Profit if resale lands off target
-20%
$254,989
-10%
$457,221
0%
$659,454
+10%
$861,686
+20%
$1,063,918
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-448852
Paved · Off grid
304.7Jul 15, 2026$1,665,4005,4656,6186.4 mi
85
IN-548759
Gravel · Power at road
284.9Apr 4, 2026$2,117,0007,4318,95410.4 mi
81
IN-949438
Gravel · Off grid
465.9Jun 3, 2026$1,494,6003,2085,2236.6 mi
79
IN-678927
Gravel · Full utilities
321.8Feb 26, 2024$2,454,1007,6278,4854.5 mi
77
IN-308505
Landlocked · Power at road
237.0Nov 12, 2025$684,1002,8874,9317.3 mi
74
IN-857616
Gravel · Off grid
124.5Oct 21, 2025$825,3006,6317,6245.8 mi
73
IN-319998
Landlocked · Off grid
699.0Jul 27, 2026$1,142,2001,6344,3996.0 mi
73
IN-509088
Gravel · Off grid
361.6Jan 7, 2024$1,231,3003,4065,6575.9 mi
72
IN-978572
Dirt · Off grid
248.8Jun 24, 2024$1,382,1005,5559,4555.3 mi
69
IN-439245
Landlocked · Off grid
405.1Sep 14, 2024$1,478,2003,6498,9797.1 mi
69
Show adjustment detail for the top comp
  • Tract size (304.74 ac → 313.24 ac)-0.8%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Full utilities)+43.5%
  • 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.