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Putnam County, IN · Sold

IN-566064

3197 County Road 81

$310,100
$7,668/ac · 40.44 ac
Acreage40.44 ac
Price per acre$7,668/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedMar 22, 2026
Coordinates39.6542, -86.9391
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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

1 item to verify before you offer.

Risk index
9
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

641 ft of deeded road frontage.

Power14,586 ft away

A long utility run — price in solar/off-grid instead.

Buildable area37.80 of 40.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$315,723
$248,989$382,458 · $7,807/ac on 40.44 ac
Asking vs estimate
-1.8%
In line with the comp set

Weighted from 7 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 $310,100
Maximum allowable offer
$180,413
$4,461/ac · +30.0% target margin

You need $129,687 off asking to hit this margin.

All-in cost$195,748
Net resale$290,466
Projected profit$94,717
ROI+48.4%
Annualized+69.3%
Break-even resale$5,261/ac
Profit if resale lands off target
-20%
$36,624
-10%
$65,671
0%
$94,717
+10%
$123,764
+20%
$152,811
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-726127
Dirt · Full utilities
42.3Dec 14, 2024$327,3007,7326,7606.5 mi
78
IN-299289
Paved · Full utilities
418.2Jul 27, 2026$3,662,7008,7589,3693.8 mi
67
IN-349070
Paved · Off grid
356.9Jul 27, 2026$2,049,3005,7438,4122.9 mi
66
IN-589030
Gravel · Power at road
346.7Jul 27, 2026$1,390,0004,0095,8417.1 mi
65
IN-507369
Dirt · Full utilities
104.1Aug 31, 2024$709,6006,8187,3454.9 mi
64
IN-129452
Gravel · Off grid
470.6Jul 8, 2026$1,610,4003,4226,4377.2 mi
64
IN-722694
Landlocked · Off grid
3.5Mar 1, 2024$30,5008,65911,0774.5 mi
56
Show adjustment detail for the top comp
  • Tract size (42.33 ac → 40.44 ac)+0.9%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (20 mo)+7.0%

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.