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Putnam County, IN · Sold

IN-980456

2314 County Road 185

$9,800
$14,000/ac · 0.70 ac
Acreage0.70 ac
Price per acre$14,000/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedAug 21, 2023
Coordinates39.6107, -86.8203
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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

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands13.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

102 ft of deeded road frontage.

Power94 ft away

Power at or near the road.

Buildable area0.58 of 0.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,871
$5,199$8,543 · $9,816/ac on 0.70 ac
Asking vs estimate
+42.6%
Priced above the comp set

Weighted from 4 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 $9,800
Maximum allowable offer
$3,926
$5,609/ac · +30.0% target margin

You need $5,874 off asking to hit this margin.

All-in cost$4,260
Net resale$6,322
Projected profit$2,062
ROI+48.4%
Annualized+69.3%
Break-even resale$6,614/ac
Profit if resale lands off target
-20%
$798
-10%
$1,430
0%
$2,062
+10%
$2,694
+20%
$3,326
Comparable sales4 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-550561
Dirt · Off grid
0.8Jul 27, 2026$5,5007,3178,6313.4 mi
88
IN-280956
Paved · Off grid
1.0May 1, 2026$9,5009,5198,2879.9 mi
74
IN-641340
Paved · Power at road
1.3Apr 21, 2024$14,90011,3009,0969.7 mi
61
IN-722694
Landlocked · Off grid
3.5Mar 1, 2024$30,5008,65914,6202.7 mi
55
Show adjustment detail for the top comp
  • 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.