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Putnam County, IN · Sold

IN-129452

274 County Road 340

$1,733,500
$3,683/ac · 471 ac
Acreage471 ac
Price per acre$3,683/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedMar 17, 2026
Coordinates39.6228, -86.8108
Loading terrain…
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

5 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands14.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power14,180 ft away

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

Buildable area384.51 of 470.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,883,581
$1,566,765$2,200,397 · $4,002/ac on 471 ac
Asking vs estimate
-8.0%
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 $1,733,500
Maximum allowable offer
$1,076,332
$2,287/ac · +30.0% target margin

You need $657,168 off asking to hit this margin.

All-in cost$1,167,820
Net resale$1,732,895
Projected profit$565,074
ROI+48.4%
Annualized+69.2%
Break-even resale$2,697/ac
Profit if resale lands off target
-20%
$218,495
-10%
$391,785
0%
$565,074
+10%
$738,364
+20%
$911,653
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-299289
Paved · Full utilities
418.2Jul 27, 2026$3,662,7008,7585,0024.5 mi
85
IN-589030
Gravel · Power at road
346.7Jul 27, 2026$1,390,0004,0093,1184.7 mi
83
IN-349070
Paved · Off grid
356.9Jul 27, 2026$2,049,3005,7434,4915.3 mi
83
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6183,5647.2 mi
63
IN-507369
Dirt · Full utilities
104.1Aug 31, 2024$709,6006,8183,9213.9 mi
55
IN-726127
Dirt · Full utilities
42.3Dec 14, 2024$327,3007,7323,6097.7 mi
49
Show adjustment detail for the top comp
  • Tract size (418.22 ac → 470.64 ac)-3.5%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Off grid)-30.3%

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.