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Sullivan County, IN · Sold

IN-973210

8402 County Road 374

$72,300
$14,121/ac · 5.12 ac
Acreage5.12 ac
Price per acre$14,121/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJul 17, 2025
Coordinates39.0917, -87.4898
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

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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

247 ft of deeded road frontage.

Power7,880 ft away

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

Buildable area4.07 of 5.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$50,390
$36,281$64,499 · $9,842/ac on 5.12 ac
Asking vs estimate
+43.5%
Priced above 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 $72,300
Maximum allowable offer
$28,794
$5,624/ac · +30.0% target margin

You need $43,506 off asking to hit this margin.

All-in cost$31,241
Net resale$46,359
Projected profit$15,117
ROI+48.4%
Annualized+69.3%
Break-even resale$6,632/ac
Profit if resale lands off target
-20%
$5,845
-10%
$10,481
0%
$15,117
+10%
$19,753
+20%
$24,389
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-943661
Gravel · Off grid
7.1Jul 27, 2026$62,5008,8178,9934.8 mi
89
IN-983627
Gravel · Power at road
6.9Jul 27, 2026$100,00014,44812,5065.2 mi
83
IN-862984
Dirt · Power at road
4.3Jan 28, 2026$25,0005,7555,7762.0 mi
81
IN-282201
Gravel · Full utilities
2.5Jul 27, 2026$20,9008,4905,7802.5 mi
78
IN-243854
Gravel · Off grid
8.2Apr 28, 2025$81,5009,98610,8154.0 mi
74
IN-594732
Gravel · Power at road
15.4Jan 27, 2026$249,80016,20915,3034.3 mi
74
IN-993812
Paved · Power at road
7.9Nov 28, 2025$112,50014,22710,8164.0 mi
73
IN-413717
Paved · Off grid
7.4Aug 24, 2024$56,7007,6727,1843.1 mi
71
IN-214253
Gravel · Full utilities
10.9Jul 21, 2025$206,10018,92914,4687.7 mi
67
IN-324246
Dirt · Power at road
10.8Aug 19, 2025$73,8006,8117,3584.4 mi
67
Show adjustment detail for the top comp
  • Tract size (7.09 ac → 5.12 ac)+1.8%

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.