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Ripley County, IN · Sold

IN-346846

9617 County Road 368

$494,800
$6,945/ac · 71.25 ac
Acreage71.25 ac
Price per acre$6,945/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedJun 17, 2025
Coordinates39.0984, -85.1671
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

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,574 ft away

Service extension needed; get a utility quote.

Buildable area64.98 of 71.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$491,508
$375,026$607,990 · $6,898/ac on 71.25 ac
Asking vs estimate
+0.7%
In line with 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 $494,800
Maximum allowable offer
$280,862
$3,942/ac · +30.0% target margin

You need $213,938 off asking to hit this margin.

All-in cost$304,735
Net resale$452,188
Projected profit$147,452
ROI+48.4%
Annualized+69.2%
Break-even resale$4,649/ac
Profit if resale lands off target
-20%
$57,015
-10%
$102,234
0%
$147,452
+10%
$192,671
+20%
$237,890
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-946864
Paved · Power at road
72.2Jul 27, 2026$444,7006,1604,4613.5 mi
87
IN-596751
Gravel · Power at road
66.5Jul 27, 2026$534,4008,0336,7397.1 mi
86
IN-796700
Dirt · Power at road
64.1May 30, 2026$562,9008,7818,5547.2 mi
81
IN-726070
Landlocked · Power at road
40.6Jul 6, 2026$248,6006,1216,8491.1 mi
78
IN-475607
Landlocked · Off grid
29.0Jul 27, 2026$101,2003,4844,3215.6 mi
78
IN-336291
Dirt · Off grid
47.7May 15, 2026$345,0007,2387,8147.0 mi
77
IN-857616
Gravel · Off grid
124.5Oct 21, 2025$825,3006,6317,8515.7 mi
74
IN-216418
Landlocked · Power at road
52.3Sep 18, 2025$419,5008,0269,7465.6 mi
73
IN-395311
Dirt · Power at road
23.4Mar 3, 2026$165,9007,0795,8112.0 mi
73
IN-206359
Dirt · Power at road
50.1May 7, 2024$363,0007,2507,2820.5 mi
70
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Off grid)-15.0%

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.