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Ripley County, IN · Sold

IN-439245

4090 County Road 238

$1,418,600
$3,502/ac · 405 ac
Acreage405 ac
Price per acre$3,502/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedJun 3, 2024
Coordinates39.1031, -85.2962
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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

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands6.9% of tract

Little to no mapped wetland coverage.

Average slope8.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,756 ft away

Service extension needed; get a utility quote.

Buildable area358.29 of 405.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,110,209
$799,351$1,421,068 · $2,741/ac on 405 ac
Asking vs estimate
+27.8%
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 $1,418,600
Maximum allowable offer
$634,405
$1,566/ac · +30.0% target margin

You need $784,195 off asking to hit this margin.

All-in cost$688,329
Net resale$1,021,392
Projected profit$333,063
ROI+48.4%
Annualized+69.2%
Break-even resale$1,847/ac
Profit if resale lands off target
-20%
$128,785
-10%
$230,924
0%
$333,063
+10%
$435,202
+20%
$537,341
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-949438
Gravel · Off grid
465.9Jun 3, 2026$1,494,6003,2082,2943.8 mi
89
IN-448852
Paved · Off grid
304.7Jul 15, 2026$1,665,4005,4652,9060.9 mi
86
IN-319998
Landlocked · Off grid
699.0Jul 27, 2026$1,142,2001,6341,9321.7 mi
83
IN-548759
Gravel · Power at road
284.9Apr 4, 2026$2,117,0007,4313,9323.3 mi
83
IN-498890
Gravel · Full utilities
313.2Jul 27, 2026$1,319,0004,2111,8537.1 mi
80
IN-308505
Landlocked · Power at road
237.0Nov 12, 2025$684,1002,8872,1652.4 mi
80
IN-989589
Landlocked · Off grid
519.8Feb 11, 2025$1,446,2002,7823,1895.4 mi
75
IN-999443
Dirt · Off grid
467.6Jul 15, 2024$2,425,8005,1884,6573.2 mi
74
IN-509088
Gravel · Off grid
361.6Jan 7, 2024$1,231,3003,4062,4842.6 mi
74
IN-578355
Dirt · Off grid
212.6May 22, 2024$623,0002,9302,1023.5 mi
71
Show adjustment detail for the top comp
  • Tract size (465.89 ac → 405.1 ac)+4.3%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (2 mo)+0.8%

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.