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White County, IN · Sold

IN-603955

5609 County Road 177

$107,600
$12,255/ac · 8.78 ac
Acreage8.78 ac
Price per acre$12,255/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedAug 17, 2023
Coordinates40.8353, -86.8358
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

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

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope8.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

730 ft of deeded road frontage.

Power153 ft away

Power at or near the road.

Buildable area7.99 of 8.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$79,451
$66,330$92,573 · $9,049/ac on 8.78 ac
Asking vs estimate
+35.4%
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 $107,600
Maximum allowable offer
$45,401
$5,171/ac · +30.0% target margin

You need $62,199 off asking to hit this margin.

All-in cost$49,260
Net resale$73,095
Projected profit$23,835
ROI+48.4%
Annualized+69.2%
Break-even resale$6,098/ac
Profit if resale lands off target
-20%
$9,216
-10%
$16,526
0%
$23,835
+10%
$31,145
+20%
$38,454
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-613802
Landlocked · Off grid
7.8Mar 25, 2026$30,9003,9358,1032.1 mi
83
IN-413366
Gravel · Power at road
5.7Sep 30, 2025$61,60010,74312,8032.5 mi
80
IN-103201
Paved · Off grid
5.1Oct 10, 2025$36,8007,2518,5562.3 mi
74
IN-254867
Paved · Off grid
17.0Jun 7, 2026$105,2006,1897,8059.6 mi
74
IN-782434
Dirt · Off grid
2.9Jul 27, 2026$15,5005,3008,1362.6 mi
72
IN-805526
Gravel · Off grid
27.4Feb 20, 2026$160,9005,8759,4333.5 mi
71
IN-872744
Paved · Power at road
3.6Aug 24, 2025$31,8008,7058,6596.1 mi
69
IN-642669
Gravel · Power at road
3.5Jan 3, 2026$24,0006,9408,0134.8 mi
69
IN-782790
Gravel · Full utilities
3.8Mar 1, 2026$41,20010,92710,3066.7 mi
68
IN-942240
Dirt · Off grid
2.5May 19, 2026$13,8005,4578,4128.8 mi
64
Show adjustment detail for the top comp
  • Tract size (7.85 ac → 8.78 ac)-0.8%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.6%

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.