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Ripley County, IN · Sold

IN-547838

1077 County Road 351

$1,168,900
$7,996/ac · 146 ac
Acreage146 ac
Price per acre$7,996/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedDec 24, 2024
Coordinates39.0864, -85.2336
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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

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
48
Moderate risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope25.8%

Steep ground — expect meaningful site work to build.

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 area85.35 of 146.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$788,044
$593,458$982,630 · $5,391/ac on 146 ac
Asking vs estimate
+48.3%
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 $1,168,900
Maximum allowable offer
$450,311
$3,080/ac · +30.0% target margin

You need $718,589 off asking to hit this margin.

All-in cost$488,587
Net resale$725,000
Projected profit$236,413
ROI+48.4%
Annualized+69.2%
Break-even resale$3,633/ac
Profit if resale lands off target
-20%
$91,413
-10%
$163,913
0%
$236,413
+10%
$308,913
+20%
$381,413
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-448852
Paved · Off grid
304.7Jul 15, 2026$1,665,4005,4655,5712.7 mi
80
IN-857616
Gravel · Off grid
124.5Oct 21, 2025$825,3006,6316,4182.6 mi
78
IN-498890
Gravel · Full utilities
313.2Jul 27, 2026$1,319,0004,2113,5524.4 mi
76
IN-308505
Landlocked · Power at road
237.0Nov 12, 2025$684,1002,8874,1512.9 mi
76
IN-946864
Paved · Power at road
72.2Jul 27, 2026$444,7006,1603,6464.9 mi
74
IN-257945
Dirt · Power at road
158.0Oct 12, 2024$926,4005,8646,2233.2 mi
74
IN-596751
Gravel · Power at road
66.5Jul 27, 2026$534,4008,0335,5095.9 mi
73
IN-796700
Dirt · Power at road
64.1May 30, 2026$562,9008,7816,9923.7 mi
72
IN-548759
Gravel · Power at road
284.9Apr 4, 2026$2,117,0007,4317,5386.7 mi
71
IN-949438
Gravel · Off grid
465.9Jun 3, 2026$1,494,6003,2084,3972.3 mi
70
Show adjustment detail for the top comp
  • Tract size (304.74 ac → 146.19 ac)+22.8%
  • Access (Paved → Landlocked)-42.4%
  • 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.