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Sullivan County, IN · Sold

IN-282201

4440 County Road 62

$24,200
$9,837/ac · 2.46 ac
Acreage2.46 ac
Price per acre$9,837/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyRolling
ListedAug 27, 2025
Coordinates39.0558, -87.4804
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
14
Low risk
Wetlands8.4% of tract

Little to no mapped wetland coverage.

Average slope12.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

385 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area1.80 of 2.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$35,770
$26,542$44,999 · $14,541/ac on 2.46 ac
Asking vs estimate
-32.3%
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 $24,200
Maximum allowable offer
$20,440
$8,309/ac · +30.0% target margin

You need $3,760 off asking to hit this margin.

All-in cost$22,177
Net resale$32,909
Projected profit$10,731
ROI+48.4%
Annualized+69.3%
Break-even resale$9,799/ac
Profit if resale lands off target
-20%
$4,150
-10%
$7,440
0%
$10,731
+10%
$14,022
+20%
$17,313
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-862984
Dirt · Power at road
4.3Jan 28, 2026$25,0005,7558,5030.8 mi
79
IN-973210
Gravel · Off grid
5.1Jul 27, 2026$66,10012,90719,0392.5 mi
78
IN-983627
Gravel · Power at road
6.9Jul 27, 2026$100,00014,44818,4083.8 mi
75
IN-943661
Gravel · Off grid
7.1Jul 27, 2026$62,5008,81713,2365.9 mi
73
IN-993812
Paved · Power at road
7.9Nov 28, 2025$112,50014,22715,9215.4 mi
63
IN-243854
Gravel · Off grid
8.2Apr 28, 2025$81,5009,98615,9185.5 mi
62
IN-413717
Paved · Off grid
7.4Aug 24, 2024$56,7007,67210,5750.9 mi
61
Show adjustment detail for the top comp
  • Tract size (4.34 ac → 2.46 ac)+1.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (7 mo)+2.3%

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.