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St. Joseph County, IN · Sold

IN-355120

512 County Road 282

$231,000
$11,318/ac · 20.41 ac
Acreage20.41 ac
Price per acre$11,318/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedOct 11, 2024
Coordinates41.6191, -86.2298
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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

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

2 items to verify before you offer.

Risk index
19
Low risk
Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope4.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

619 ft of deeded road frontage.

Power8,118 ft away

A long utility run — price in solar/off-grid instead.

Buildable area17.37 of 20.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$137,895
$110,313$165,478 · $6,756/ac on 20.41 ac
Asking vs estimate
+67.5%
Priced above the comp set

Weighted from 8 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 $231,000
Maximum allowable offer
$78,797
$3,861/ac · +30.0% target margin

You need $152,203 off asking to hit this margin.

All-in cost$85,495
Net resale$126,864
Projected profit$41,369
ROI+48.4%
Annualized+69.3%
Break-even resale$4,553/ac
Profit if resale lands off target
-20%
$15,996
-10%
$28,683
0%
$41,369
+10%
$54,055
+20%
$66,742
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-354357
Landlocked · Off grid
11.7Jul 27, 2026$62,2005,3017,3557.3 mi
81
IN-464481
Dirt · Full utilities
12.8Jul 27, 2026$105,0008,1686,2965.9 mi
78
IN-946209
Dirt · Off grid
44.9Jul 27, 2026$223,2004,9686,5724.5 mi
76
IN-576356
Gravel · Power at road
50.0Dec 7, 2025$310,7006,2196,3054.2 mi
74
IN-215923
Dirt · Off grid
36.5Jun 24, 2025$141,7003,8815,1682.7 mi
71
IN-316564
Gravel · Off grid
58.1May 25, 2024$302,7005,2116,8129.0 mi
61
IN-596828
Paved · Off grid
70.3Mar 11, 2024$622,1008,84510,2976.1 mi
57
IN-203417
Gravel · Full utilities
5.9Mar 17, 2024$49,6008,3435,7468.5 mi
56
Show adjustment detail for the top comp
  • Tract size (11.74 ac → 20.41 ac)-5.9%
  • Access (Landlocked → Gravel)+47.1%

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.