← New search
Putnam County, IN · Sold

IN-349070

8638 County Road 269

$2,173,200
$6,090/ac · 357 ac
Acreage357 ac
Price per acre$6,090/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedSep 3, 2025
Coordinates39.6181, -86.9103
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

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope19.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,325 ft of deeded road frontage.

Power1,608 ft away

Service extension needed; get a utility quote.

Buildable area280.93 of 356.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,736,443
$1,438,011$2,034,874 · $4,866/ac on 357 ac
Asking vs estimate
+25.2%
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 $2,173,200
Maximum allowable offer
$992,253
$2,780/ac · +30.0% target margin

You need $1,180,947 off asking to hit this margin.

All-in cost$1,076,595
Net resale$1,597,527
Projected profit$520,933
ROI+48.4%
Annualized+69.2%
Break-even resale$3,279/ac
Profit if resale lands off target
-20%
$201,427
-10%
$361,180
0%
$520,933
+10%
$680,685
+20%
$840,438
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-299289
Paved · Full utilities
418.2Jul 27, 2026$3,662,7008,7586,4104.1 mi
86
IN-589030
Gravel · Power at road
346.7Jul 27, 2026$1,390,0004,0093,9967.1 mi
84
IN-129452
Gravel · Off grid
470.6Jul 8, 2026$1,610,4003,4224,4045.3 mi
82
IN-566064
Gravel · Off grid
40.4May 30, 2026$267,6006,6184,5682.9 mi
64
IN-507369
Dirt · Full utilities
104.1Aug 31, 2024$709,6006,8185,0254.8 mi
58
IN-726127
Dirt · Full utilities
42.3Dec 14, 2024$327,3007,7324,6258.0 mi
50
Show adjustment detail for the top comp
  • Tract size (418.22 ac → 356.87 ac)+4.8%
  • 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.