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Putnam County, IN · Sold

IN-299289

3496 County Road 388

$4,051,700
$9,688/ac · 418 ac
Acreage418 ac
Price per acre$9,688/ac
ZoningMixed Use
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedApr 20, 2026
Coordinates39.6690, -86.8698
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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
17
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope9.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area381.81 of 418.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,711,167
$2,374,993$3,047,341 · $6,483/ac on 418 ac
Asking vs estimate
+49.4%
Priced above 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 $4,051,700
Maximum allowable offer
$1,549,238
$3,704/ac · +30.0% target margin

You need $2,502,462 off asking to hit this margin.

All-in cost$1,680,923
Net resale$2,494,274
Projected profit$813,350
ROI+48.4%
Annualized+69.2%
Break-even resale$4,369/ac
Profit if resale lands off target
-20%
$314,496
-10%
$563,923
0%
$813,350
+10%
$1,062,778
+20%
$1,312,205
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-349070
Paved · Off grid
356.9Jul 27, 2026$2,049,3005,7437,8804.1 mi
86
IN-129452
Gravel · Off grid
470.6Jul 8, 2026$1,610,4003,4226,0304.5 mi
84
IN-589030
Gravel · Power at road
346.7Jul 27, 2026$1,390,0004,0095,4713.3 mi
84
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6186,2543.8 mi
66
IN-507369
Dirt · Full utilities
104.1Aug 31, 2024$709,6006,8186,8801.1 mi
65
IN-726127
Dirt · Full utilities
42.3Dec 14, 2024$327,3007,7326,3334.1 mi
58
Show adjustment detail for the top comp
  • Tract size (356.87 ac → 418.22 ac)-4.6%
  • Utilities (Off grid → Full utilities)+43.5%

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.