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St. Joseph County, IN · Sold

IN-151533

4949 County Road 248

$14,400
$9,474/ac · 1.52 ac
Acreage1.52 ac
Price per acre$9,474/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedAug 26, 2025
Coordinates41.6001, -86.3782
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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
25
Low risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope24.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

194 ft of deeded road frontage.

Power171 ft away

Power at or near the road.

Buildable area0.86 of 1.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,888
$12,365$19,410 · $10,452/ac on 1.52 ac
Asking vs estimate
-9.4%
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 $14,400
Maximum allowable offer
$9,079
$5,973/ac · +30.0% target margin

You need $5,321 off asking to hit this margin.

All-in cost$9,851
Net resale$14,617
Projected profit$4,766
ROI+48.4%
Annualized+69.2%
Break-even resale$7,044/ac
Profit if resale lands off target
-20%
$1,843
-10%
$3,304
0%
$4,766
+10%
$6,228
+20%
$7,689
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-391618
Gravel · Power at road
1.6Jul 27, 2026$21,50013,34613,3885.1 mi
89
IN-292266
Landlocked · Power at road
2.6Jul 27, 2026$15,2005,8968,7822.3 mi
81
IN-991772
Gravel · Power at road
1.8Oct 22, 2024$24,00013,33114,3887.7 mi
79
IN-902544
Dirt · Off grid
3.2Jul 27, 2026$27,8008,78712,2441.0 mi
77
IN-781211
Landlocked · Power at road
1.2Jan 23, 2026$7,6006,3009,4529.2 mi
77
IN-181377
Landlocked · Power at road
1.4Mar 12, 2025$7,6005,6098,7298.4 mi
74
IN-810484
Dirt · Full utilities
0.7Jul 27, 2026$5,0006,9936,6246.0 mi
73
IN-100269
Gravel · Off grid
0.6Nov 6, 2025$5,1008,2909,9763.4 mi
70
IN-400355
Dirt · Off grid
0.7Aug 15, 2025$5,0007,65810,8195.8 mi
65
IN-623257
Dirt · Off grid
5.3Jul 21, 2024$30,9005,8358,9957.6 mi
55
Show adjustment detail for the top comp

    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.