← New search
Ripley County, IN · Sold

IN-308505

7821 County Road 384

$718,600
$3,032/ac · 237 ac
Acreage237 ac
Price per acre$3,032/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedDec 19, 2024
Coordinates39.0704, -85.2842
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

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope9.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12 ft away

Power at or near the road.

Buildable area210.29 of 237.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$997,014
$717,850$1,276,178 · $4,207/ac on 237 ac
Asking vs estimate
-27.9%
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 $718,600
Maximum allowable offer
$569,722
$2,404/ac · +30.0% target margin

You need $148,878 off asking to hit this margin.

All-in cost$618,148
Net resale$917,253
Projected profit$299,104
ROI+48.4%
Annualized+69.2%
Break-even resale$2,835/ac
Profit if resale lands off target
-20%
$115,654
-10%
$207,379
0%
$299,104
+10%
$390,830
+20%
$482,555
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-548759
Gravel · Power at road
284.9Apr 4, 2026$2,117,0007,4315,4094.4 mi
87
IN-448852
Paved · Off grid
304.7Jul 15, 2026$1,665,4005,4653,9971.9 mi
84
IN-949438
Gravel · Off grid
465.9Jun 3, 2026$1,494,6003,2083,1551.7 mi
80
IN-498890
Gravel · Full utilities
313.2Jul 27, 2026$1,319,0004,2112,5497.3 mi
80
IN-578355
Dirt · Off grid
212.6May 22, 2024$623,0002,9302,8922.0 mi
78
IN-319998
Landlocked · Off grid
699.0Jul 27, 2026$1,142,2001,6342,6571.4 mi
75
IN-439245
Landlocked · Off grid
405.1Sep 14, 2024$1,478,2003,6495,4242.4 mi
75
IN-978572
Dirt · Off grid
248.8Jun 24, 2024$1,382,1005,5555,7115.4 mi
72
IN-547838
Landlocked · Full utilities
146.2Mar 24, 2025$1,135,0007,7645,8982.9 mi
72
IN-857616
Gravel · Off grid
124.5Oct 21, 2025$825,3006,6314,6052.6 mi
71
Show adjustment detail for the top comp
  • Tract size (284.88 ac → 237 ac)+5.4%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (4 mo)+1.5%

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.