IN-550561
5623 County Road 164
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Putnam County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.
View Putnam market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
145 ft of deeded road frontage.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 4 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $933 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| IN-280956 Paved · Off grid | 1.0 | May 1, 2026 | $9,500 | 9,519 | 7,041 | 7.8 mi | 78 |
| IN-980456 Dirt · Power at road | 0.7 | Nov 12, 2023 | $9,000 | 12,838 | 12,171 | 3.4 mi | 74 |
| IN-641340 Paved · Power at road | 1.3 | Apr 21, 2024 | $14,900 | 11,300 | 7,727 | 6.6 mi | 62 |
| IN-722694 Landlocked · Off grid | 3.5 | Mar 1, 2024 | $30,500 | 8,659 | 12,420 | 2.5 mi | 57 |
Show adjustment detail for the top comp
- Access (Paved → Dirt)-27.1%
- Market time (3 mo)+1.2%
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.