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Washington County, IN · Sold

IN-697907

1897 County Road 232

$676,900
$4,405/ac · 154 ac
Acreage154 ac
Price per acre$4,405/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedJun 7, 2026
Coordinates38.6846, -86.1348
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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

2 items to verify before you offer.

Risk index
16
Low risk
Wetlands10.9% of tract

Little to no mapped wetland coverage.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,806 ft of deeded road frontage.

Power123 ft away

Power at or near the road.

Buildable area130.08 of 153.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$587,524
$489,225$685,824 · $3,823/ac on 154 ac
Asking vs estimate
+15.2%
Priced above the comp set

Weighted from 5 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 $676,900
Maximum allowable offer
$335,728
$2,185/ac · +30.0% target margin

You need $341,172 off asking to hit this margin.

All-in cost$364,265
Net resale$540,523
Projected profit$176,258
ROI+48.4%
Annualized+69.2%
Break-even resale$2,576/ac
Profit if resale lands off target
-20%
$68,153
-10%
$122,205
0%
$176,258
+10%
$230,310
+20%
$284,362
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-757880
Landlocked · Off grid
150.7Dec 23, 2025$249,1001,6532,9215.2 mi
80
IN-417296
Dirt · Off grid
98.7Jul 27, 2026$365,7003,7054,5338.2 mi
76
IN-986506
Paved · Off grid
55.7Nov 30, 2025$231,2004,1513,3396.5 mi
69
IN-296349
Gravel · Power at road
49.7May 12, 2024$254,5005,1214,2933.8 mi
63
IN-739345
Dirt · Power at road
435.5Aug 14, 2024$1,077,1002,4734,1987.7 mi
59
Show adjustment detail for the top comp
  • Tract size (150.7 ac → 153.68 ac)-0.5%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (8 mo)+2.7%

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.