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Ripley County, IN · Sold

IN-475607

7801 County Road 228

$122,500
$4,218/ac · 29.04 ac
Acreage29.04 ac
Price per acre$4,218/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedMay 24, 2026
Coordinates39.1789, -85.1789
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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

4 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands5.0% of tract

Little to no mapped wetland coverage.

Average slope17.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,086 ft away

Service extension needed; get a utility quote.

Buildable area22.07 of 29.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$167,545
$129,260$205,830 · $5,769/ac on 29.04 ac
Asking vs estimate
-26.9%
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 $122,500
Maximum allowable offer
$95,740
$3,297/ac · +30.0% target margin

You need $26,760 off asking to hit this margin.

All-in cost$103,878
Net resale$154,142
Projected profit$50,264
ROI+48.4%
Annualized+69.3%
Break-even resale$3,888/ac
Profit if resale lands off target
-20%
$19,435
-10%
$34,850
0%
$50,264
+10%
$65,678
+20%
$81,092
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-395311
Dirt · Power at road
23.4Mar 3, 2026$165,9007,0794,6963.6 mi
84
IN-726070
Landlocked · Power at road
40.6Jul 6, 2026$248,6006,1215,5354.6 mi
82
IN-175437
Gravel · Power at road
25.7Dec 9, 2025$303,80011,8296,9033.6 mi
80
IN-336291
Dirt · Off grid
47.7May 15, 2026$345,0007,2386,3144.9 mi
77
IN-675681
Gravel · Power at road
30.6Nov 3, 2025$197,2006,4373,8769.5 mi
76
IN-946864
Paved · Power at road
72.2Jul 27, 2026$444,7006,1603,6052.3 mi
74
IN-216418
Landlocked · Power at road
52.3Sep 18, 2025$419,5008,0267,8752.8 mi
74
IN-714371
Dirt · Power at road
11.9Jul 27, 2026$132,00011,1286,7142.7 mi
74
IN-596751
Gravel · Power at road
66.5Jul 27, 2026$534,4008,0335,4464.6 mi
73
IN-715117
Dirt · Off grid
20.4Oct 12, 2025$179,5008,8146,8588.3 mi
73
Show adjustment detail for the top comp
  • Tract size (23.44 ac → 29.04 ac)-3.1%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (5 mo)+1.9%

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.