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Putnam County, IN · Sold

IN-722694

4742 County Road 192

$28,700
$8,153/ac · 3.52 ac
Acreage3.52 ac
Price per acre$8,153/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedNov 13, 2023
Coordinates39.6377, -86.8563
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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

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

View Putnam market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands9.6% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,252 ft away

Service extension needed; get a utility quote.

Buildable area3.02 of 3.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$22,217
$17,287$27,147 · $6,312/ac on 3.52 ac
Asking vs estimate
+29.2%
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 $28,700
Maximum allowable offer
$12,696
$3,607/ac · +30.0% target margin

You need $16,004 off asking to hit this margin.

All-in cost$13,775
Net resale$20,440
Projected profit$6,665
ROI+48.4%
Annualized+69.2%
Break-even resale$4,254/ac
Profit if resale lands off target
-20%
$2,577
-10%
$4,621
0%
$6,665
+10%
$8,709
+20%
$10,753
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-550561
Dirt · Off grid
0.8Jul 27, 2026$5,5007,3175,6402.5 mi
70
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6185,7584.5 mi
67
IN-280956
Paved · Off grid
1.0May 1, 2026$9,5009,5195,4157.2 mi
67
IN-641340
Paved · Power at road
1.3Apr 21, 2024$14,90011,3005,9449.0 mi
56
IN-980456
Dirt · Power at road
0.7Nov 12, 2023$9,00012,8389,3622.7 mi
54
Show adjustment detail for the top comp
  • Tract size (0.75 ac → 3.52 ac)-2.7%
  • Access (Dirt → Landlocked)-20.9%

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.