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Putnam County, IN · Sold

IN-589030

2252 County Road 226

$1,563,500
$4,510/ac · 347 ac
Acreage347 ac
Price per acre$4,510/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedJul 17, 2026
Coordinates39.6900, -86.8148
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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

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,833 ft of deeded road frontage.

Power90 ft away

Power at or near the road.

Buildable area324.08 of 346.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,813,786
$1,549,141$2,078,430 · $5,232/ac on 347 ac
Asking vs estimate
-13.8%
Priced below the comp set

Weighted from 6 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 $1,563,500
Maximum allowable offer
$1,036,449
$2,990/ac · +30.0% target margin

You need $527,051 off asking to hit this margin.

All-in cost$1,124,547
Net resale$1,668,683
Projected profit$544,136
ROI+48.4%
Annualized+69.2%
Break-even resale$3,526/ac
Profit if resale lands off target
-20%
$210,399
-10%
$377,267
0%
$544,136
+10%
$711,004
+20%
$877,872
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-349070
Paved · Off grid
356.9Jul 27, 2026$2,049,3005,7435,7877.1 mi
84
IN-299289
Paved · Full utilities
418.2Jul 27, 2026$3,662,7008,7586,4463.3 mi
84
IN-129452
Gravel · Off grid
470.6Jul 8, 2026$1,610,4003,4224,4294.7 mi
83
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6184,5937.1 mi
63
IN-507369
Dirt · Full utilities
104.1Aug 31, 2024$709,6006,8185,0532.3 mi
59
IN-726127
Dirt · Full utilities
42.3Dec 14, 2024$327,3007,7324,6513.6 mi
53
Show adjustment detail for the top comp
  • Tract size (356.87 ac → 346.68 ac)+0.9%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Power at road)+17.6%

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.