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St. Joseph County, IN · Sold

IN-347697

9157 County Road 347

$1,160,200
$8,790/ac · 132 ac
Acreage132 ac
Price per acre$8,790/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedAug 1, 2025
Coordinates41.6260, -86.2053
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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

3 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands35.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,761 ft of deeded road frontage.

Power40 ft away

Power at or near the road.

Buildable area81.38 of 131.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$752,401
$592,998$911,803 · $5,700/ac on 132 ac
Asking vs estimate
+54.2%
Priced above the comp set

Weighted from 7 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 $1,160,200
Maximum allowable offer
$429,943
$3,257/ac · +30.0% target margin

You need $730,257 off asking to hit this margin.

All-in cost$466,488
Net resale$692,209
Projected profit$225,720
ROI+48.4%
Annualized+69.2%
Break-even resale$3,842/ac
Profit if resale lands off target
-20%
$87,279
-10%
$156,500
0%
$225,720
+10%
$294,941
+20%
$364,162
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-757684
Paved · Power at road
130.8Aug 20, 2024$884,7006,7676,1985.1 mi
76
IN-576356
Gravel · Power at road
50.0Dec 7, 2025$310,7006,2195,1055.1 mi
75
IN-946209
Dirt · Off grid
44.9Jul 27, 2026$223,2004,9685,3223.7 mi
71
IN-776896
Gravel · Full utilities
73.9Jul 16, 2025$393,6005,3283,9615.7 mi
70
IN-309155
Gravel · Full utilities
379.5Feb 11, 2024$1,811,6004,7735,8201.2 mi
62
IN-596828
Paved · Off grid
70.3Mar 11, 2024$622,1008,8458,3387.3 mi
61
IN-316564
Gravel · Off grid
58.1May 25, 2024$302,7005,2115,51610.3 mi
60
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%
  • Market time (24 mo)+8.3%

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.