← New search
Washington County, IN · Sold

IN-603294

8239 County Road 232

$36,500
$6,710/ac · 5.44 ac
Acreage5.44 ac
Price per acre$6,710/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedJan 15, 2026
Coordinates38.6285, -86.0438
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

Washington County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Washington market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands37.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3 ft away

Power at or near the road.

Buildable area3.24 of 5.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$36,692
$31,294$42,090 · $6,745/ac on 5.44 ac
Asking vs estimate
-0.5%
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 $36,500
Maximum allowable offer
$20,967
$3,854/ac · +30.0% target margin

You need $15,533 off asking to hit this margin.

All-in cost$22,749
Net resale$33,757
Projected profit$11,007
ROI+48.4%
Annualized+69.2%
Break-even resale$4,545/ac
Profit if resale lands off target
-20%
$4,256
-10%
$7,632
0%
$11,007
+10%
$14,383
+20%
$17,759
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-283597
Gravel · Power at road
6.8May 9, 2026$42,6006,2896,4365.6 mi
88
IN-982328
Dirt · Power at road
2.7Jul 27, 2026$17,3006,4167,2878.2 mi
79
IN-941963
Dirt · Power at road
2.1Mar 14, 2026$15,7007,5818,6901.5 mi
77
IN-623922
Dirt · Full utilities
8.6Feb 21, 2026$59,5006,9456,9382.3 mi
76
IN-132856
Paved · Power at road
4.0Oct 23, 2025$29,8007,5146,4966.6 mi
75
IN-643063
Paved · Off grid
4.6Dec 2, 2024$24,6005,3515,6733.2 mi
73
IN-134852
Dirt · Off grid
16.8Jul 27, 2026$56,8003,3815,0676.6 mi
69
IN-632229
Dirt · Off grid
2.5Jan 10, 2024$10,2004,0465,9724.8 mi
65
IN-552091
Dirt · Off grid
2.3Oct 30, 2024$11,8005,2027,42611.1 mi
57
IN-604516
Paved · Off grid
13.2May 31, 2024$84,9006,4457,4808.7 mi
57
Show adjustment detail for the top comp
  • Tract size (6.77 ac → 5.44 ac)+1.2%
  • Market time (3 mo)+1.1%

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.