← New search
Ripley County, IN · Sold

IN-216418

5101 County Road 228

$404,100
$7,732/ac · 52.26 ac
Acreage52.26 ac
Price per acre$7,732/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedNov 16, 2024
Coordinates39.1648, -85.2281
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
45
Moderate risk
Wetlands6.7% of tract

Little to no mapped wetland coverage.

Average slope19.7%

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.

Power3 ft away

Power at or near the road.

Buildable area39.01 of 52.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$300,946
$237,375$364,517 · $5,759/ac on 52.26 ac
Asking vs estimate
+34.3%
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 $404,100
Maximum allowable offer
$171,969
$3,291/ac · +30.0% target margin

You need $232,131 off asking to hit this margin.

All-in cost$186,586
Net resale$276,870
Projected profit$90,284
ROI+48.4%
Annualized+69.3%
Break-even resale$3,881/ac
Profit if resale lands off target
-20%
$34,910
-10%
$62,597
0%
$90,284
+10%
$117,971
+20%
$145,658
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-726070
Landlocked · Power at road
40.6Jul 6, 2026$248,6006,1215,8564.6 mi
86
IN-596751
Gravel · Power at road
66.5Jul 27, 2026$534,4008,0335,7621.9 mi
86
IN-336291
Dirt · Off grid
47.7May 15, 2026$345,0007,2386,6802.1 mi
84
IN-946864
Paved · Power at road
72.2Jul 27, 2026$444,7006,1603,8142.6 mi
84
IN-796700
Dirt · Power at road
64.1May 30, 2026$562,9008,7817,3136.1 mi
82
IN-475607
Landlocked · Off grid
29.0Jul 27, 2026$101,2003,4843,6952.8 mi
81
IN-206359
Dirt · Power at road
50.1May 7, 2024$363,0007,2506,2265.8 mi
74
IN-175437
Gravel · Power at road
25.7Dec 9, 2025$303,80011,8297,3031.0 mi
74
IN-346846
Gravel · Off grid
71.3Sep 15, 2025$487,9006,8476,0805.6 mi
73
IN-395311
Dirt · Power at road
23.4Mar 3, 2026$165,9007,0794,9694.3 mi
72
Show adjustment detail for the top comp
  • Tract size (40.61 ac → 52.26 ac)-4.8%
  • Market time (1 mo)+0.5%

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.