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Putnam County, IN · Sold

IN-507369

1569 County Road 135

$775,500
$7,451/ac · 104 ac
Acreage104 ac
Price per acre$7,451/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographySloped
ListedOct 19, 2023
Coordinates39.6699, -86.8499
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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
29
Low risk
Wetlands1.7% of tract

Little to no mapped wetland coverage.

Average slope23.0%

Steep ground — expect meaningful site work to build.

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 area61.39 of 104.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$760,848
$630,800$890,896 · $7,310/ac on 104 ac
Asking vs estimate
+1.9%
In line with 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 $775,500
Maximum allowable offer
$434,770
$4,177/ac · +30.0% target margin

You need $340,730 off asking to hit this margin.

All-in cost$471,725
Net resale$699,980
Projected profit$228,255
ROI+48.4%
Annualized+69.2%
Break-even resale$4,926/ac
Profit if resale lands off target
-20%
$88,259
-10%
$158,257
0%
$228,255
+10%
$298,253
+20%
$368,251
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-299289
Paved · Full utilities
418.2Jul 27, 2026$3,662,7008,7589,4121.1 mi
77
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6186,7074.9 mi
75
IN-726127
Dirt · Full utilities
42.3Dec 14, 2024$327,3007,7326,7914.0 mi
71
IN-589030
Gravel · Power at road
346.7Jul 27, 2026$1,390,0004,0095,8672.3 mi
71
IN-349070
Paved · Off grid
356.9Jul 27, 2026$2,049,3005,7438,4514.8 mi
69
IN-129452
Gravel · Off grid
470.6Jul 8, 2026$1,610,4003,4226,4673.9 mi
67
Show adjustment detail for the top comp
  • Tract size (418.22 ac → 104.08 ac)+47.1%
  • Access (Paved → Dirt)-27.1%

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.