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White County, IN · Sold

IN-188148

1199 County Road 124

$822,500
$4,495/ac · 183 ac
Acreage183 ac
Price per acre$4,495/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedMar 26, 2024
Coordinates40.7406, -86.8919
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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

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

View White market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,023 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area151.76 of 182.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$713,428
$577,486$849,370 · $3,899/ac on 183 ac
Asking vs estimate
+15.3%
Priced above the comp set

Weighted from 9 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 $822,500
Maximum allowable offer
$407,673
$2,228/ac · +30.0% target margin

You need $414,827 off asking to hit this margin.

All-in cost$442,325
Net resale$656,354
Projected profit$214,029
ROI+48.4%
Annualized+69.2%
Break-even resale$2,627/ac
Profit if resale lands off target
-20%
$82,758
-10%
$148,393
0%
$214,029
+10%
$279,664
+20%
$345,299
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-848478
Dirt · Full utilities
232.4Nov 14, 2025$934,6004,0214,4352.1 mi
87
IN-847246
Paved · Power at road
95.2Jul 27, 2026$497,9005,2303,9324.3 mi
80
IN-997358
Gravel · Off grid
103.3Jul 27, 2026$452,9004,3864,6700.8 mi
79
IN-407320
Gravel · Full utilities
100.5Mar 23, 2026$495,4004,9323,6866.2 mi
74
IN-146524
Dirt · Power at road
56.4Jul 27, 2026$178,8003,1682,9024.2 mi
73
IN-667351
Landlocked · Off grid
102.7Nov 25, 2024$184,9001,8003,0122.4 mi
71
IN-359071
Landlocked · Power at road
357.1Apr 27, 2025$767,5002,1494,2347.0 mi
69
IN-429832
Landlocked · Power at road
619.8Jul 27, 2026$1,426,0002,3015,0846.4 mi
68
IN-689145
Landlocked · Full utilities
376.8Jan 3, 2025$665,3001,7662,9336.1 mi
65
Show adjustment detail for the top comp
  • Tract size (232.41 ac → 182.99 ac)+6.9%
  • Market time (9 mo)+3.2%

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.