← New search
St. Joseph County, IN · Sold

IN-309155

3698 County Road 292

$2,198,500
$5,793/ac · 380 ac
Acreage380 ac
Price per acre$5,793/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedAug 14, 2023
Coordinates41.6434, -86.2105
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

St. Joseph County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View St. Joseph market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
18
Low risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area339.64 of 379.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,269,338
$1,730,628$2,808,049 · $5,979/ac on 380 ac
Asking vs estimate
-3.1%
In line with the comp set

Weighted from 5 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 $2,198,500
Maximum allowable offer
$1,296,765
$3,417/ac · +30.0% target margin

You need $901,735 off asking to hit this margin.

All-in cost$1,406,990
Net resale$2,087,791
Projected profit$680,801
ROI+48.4%
Annualized+69.2%
Break-even resale$4,030/ac
Profit if resale lands off target
-20%
$263,243
-10%
$472,022
0%
$680,801
+10%
$889,581
+20%
$1,098,360
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-409773
Paved · Power at road
593.9Jul 27, 2026$2,825,2004,7575,6402.9 mi
80
IN-347697
Gravel · Power at road
132.0Jul 27, 2026$1,088,3008,2457,4921.2 mi
76
IN-757684
Paved · Power at road
130.8Aug 20, 2024$884,7006,7675,6205.8 mi
63
IN-776896
Gravel · Full utilities
73.9Jul 16, 2025$393,6005,3283,5916.9 mi
61
IN-596828
Paved · Off grid
70.3Mar 11, 2024$622,1008,8457,5607.3 mi
51
Show adjustment detail for the top comp
  • Tract size (593.86 ac → 379.53 ac)+14.4%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Full utilities)+22.0%

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.