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Sullivan County, IN · Sold

IN-985746

5257 County Road 190

$216,300
$6,734/ac · 32.12 ac
Acreage32.12 ac
Price per acre$6,734/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJun 30, 2024
Coordinates39.1220, -87.4467
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
37
Moderate risk
Wetlands28.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

1,473 ft of deeded road frontage.

Power8,636 ft away

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

Buildable area21.70 of 32.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$317,643
$239,215$396,071 · $9,889/ac on 32.12 ac
Asking vs estimate
-31.9%
Priced below 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 $216,300
Maximum allowable offer
$181,510
$5,651/ac · +30.0% target margin

You need $34,790 off asking to hit this margin.

All-in cost$196,938
Net resale$292,232
Projected profit$95,293
ROI+48.4%
Annualized+69.3%
Break-even resale$6,664/ac
Profit if resale lands off target
-20%
$36,847
-10%
$66,070
0%
$95,293
+10%
$124,516
+20%
$153,740
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-335478
Dirt · Full utilities
26.4Feb 7, 2026$355,90013,45410,8012.1 mi
80
IN-576464
Dirt · Power at road
54.0Jul 27, 2026$373,9006,9207,5512.8 mi
78
IN-805511
Gravel · Off grid
27.1Mar 23, 2024$300,60011,09511,8875.3 mi
74
IN-594732
Gravel · Power at road
15.4Jan 27, 2026$249,80016,20912,7504.4 mi
73
IN-324246
Dirt · Power at road
10.8Aug 19, 2025$73,8006,8116,1316.2 mi
66
IN-214253
Gravel · Full utilities
10.9Jul 21, 2025$206,10018,92912,0556.1 mi
65
IN-584442
Landlocked · Power at road
12.5Jul 28, 2024$78,3006,2737,5425.9 mi
59
Show adjustment detail for the top comp
  • Tract size (26.45 ac → 32.12 ac)-3.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (6 mo)+2.2%

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.