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Sullivan County, IN · Sold

IN-594732

471 County Road 158

$240,400
$15,600/ac · 15.41 ac
Acreage15.41 ac
Price per acre$15,600/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedNov 19, 2024
Coordinates39.0622, -87.4185
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

3 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands38.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

813 ft of deeded road frontage.

Power221 ft away

Power at or near the road.

Buildable area9.02 of 15.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$185,001
$141,990$228,012 · $12,005/ac on 15.41 ac
Asking vs estimate
+29.9%
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 $240,400
Maximum allowable offer
$105,715
$6,860/ac · +30.0% target margin

You need $134,685 off asking to hit this margin.

All-in cost$114,701
Net resale$170,201
Projected profit$55,500
ROI+48.4%
Annualized+69.2%
Break-even resale$8,091/ac
Profit if resale lands off target
-20%
$21,460
-10%
$38,480
0%
$55,500
+10%
$72,520
+20%
$89,540
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-943661
Gravel · Off grid
7.1Jul 27, 2026$62,5008,8179,7444.1 mi
81
IN-983627
Gravel · Power at road
6.9Jul 27, 2026$100,00014,44813,5521.0 mi
81
IN-973210
Gravel · Off grid
5.1Jul 27, 2026$66,10012,90714,0174.3 mi
78
IN-214253
Gravel · Full utilities
10.9Jul 21, 2025$206,10018,92915,6774.0 mi
76
IN-324246
Dirt · Power at road
10.8Aug 19, 2025$73,8006,8117,9733.1 mi
75
IN-584442
Landlocked · Power at road
12.5Jul 28, 2024$78,3006,2739,8087.5 mi
75
IN-335478
Dirt · Full utilities
26.4Feb 7, 2026$355,90013,45414,0472.3 mi
74
IN-805511
Gravel · Off grid
27.1Mar 23, 2024$300,60011,09515,4602.8 mi
72
IN-993812
Paved · Power at road
7.9Nov 28, 2025$112,50014,22711,7214.2 mi
72
IN-985746
Gravel · Off grid
32.1Aug 31, 2025$188,2005,8597,9264.4 mi
70
Show adjustment detail for the top comp
  • Tract size (7.09 ac → 15.41 ac)-6.3%
  • Utilities (Off grid → Power at road)+17.6%

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.