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Sullivan County, IN · Sold

IN-688111

217 County Road 151

$969,600
$5,443/ac · 178 ac
Acreage178 ac
Price per acre$5,443/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedNov 14, 2023
Coordinates39.1263, -87.3484
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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

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

View Sullivan market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope6.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,174 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area154.52 of 178.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,138,741
$966,880$1,310,602 · $6,392/ac on 178 ac
Asking vs estimate
-14.9%
Priced below 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 $969,600
Maximum allowable offer
$650,709
$3,653/ac · +30.0% target margin

You need $318,891 off asking to hit this margin.

All-in cost$706,019
Net resale$1,047,642
Projected profit$341,622
ROI+48.4%
Annualized+69.2%
Break-even resale$4,308/ac
Profit if resale lands off target
-20%
$132,094
-10%
$236,858
0%
$341,622
+10%
$446,387
+20%
$551,151
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-668108
Dirt · Full utilities
177.8Jul 20, 2025$1,018,1005,7275,9812.0 mi
85
IN-817622
Dirt · Full utilities
125.0Jul 27, 2025$807,0006,4566,1342.6 mi
82
IN-339663
Dirt · Off grid
548.4Jul 27, 2026$2,231,9004,0708,1193.7 mi
78
IN-576464
Dirt · Power at road
54.0Jul 27, 2026$373,9006,9206,3307.2 mi
70
IN-985746
Gravel · Off grid
32.1Aug 31, 2025$188,2005,8595,1095.3 mi
58
Show adjustment detail for the top comp
  • Market time (13 mo)+4.5%

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.