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Sullivan County, IN · Sold

IN-993812

2396 County Road 269

$117,100
$14,804/ac · 7.91 ac
Acreage7.91 ac
Price per acre$14,804/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographySloped
ListedNov 4, 2024
Coordinates39.1227, -87.4271
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

2 items to verify before you offer.

Risk index
26
Low risk
Wetlands2.8% of tract

Little to no mapped wetland coverage.

Average slope30.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

505 ft of deeded road frontage.

Power165 ft away

Power at or near the road.

Buildable area4.61 of 7.91 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$115,742
$83,334$148,150 · $14,632/ac on 7.91 ac
Asking vs estimate
+1.2%
In line with 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 $117,100
Maximum allowable offer
$66,138
$8,361/ac · +30.0% target margin

You need $50,962 off asking to hit this margin.

All-in cost$71,760
Net resale$106,483
Projected profit$34,723
ROI+48.4%
Annualized+69.3%
Break-even resale$9,861/ac
Profit if resale lands off target
-20%
$13,426
-10%
$24,075
0%
$34,723
+10%
$45,371
+20%
$56,019
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-983627
Gravel · Power at road
6.9Jul 27, 2026$100,00014,44816,9425.2 mi
90
IN-943661
Gravel · Off grid
7.1Jul 27, 2026$62,5008,81712,1820.9 mi
87
IN-243854
Gravel · Off grid
8.2Apr 28, 2025$81,5009,98614,6510.0 mi
80
IN-413717
Paved · Off grid
7.4Aug 24, 2024$56,7007,6729,7335.4 mi
80
IN-973210
Gravel · Off grid
5.1Jul 27, 2026$66,10012,90717,5234.0 mi
79
IN-324246
Dirt · Power at road
10.8Aug 19, 2025$73,8006,8119,9686.5 mi
74
IN-862984
Dirt · Power at road
4.3Jan 28, 2026$25,0005,7557,8254.7 mi
73
IN-594732
Gravel · Power at road
15.4Jan 27, 2026$249,80016,20920,7314.2 mi
73
IN-214253
Gravel · Full utilities
10.9Jul 21, 2025$206,10018,92919,5995.2 mi
72
IN-335478
Dirt · Full utilities
26.4Feb 7, 2026$355,90013,45417,5611.9 mi
72
Show adjustment detail for the top comp
  • Tract size (6.92 ac → 7.91 ac)-0.8%
  • Access (Gravel → Paved)+18.0%

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.