Comparable sales & offer analysis
Parcel IN-589030
Putnam County, IN · 347 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,563,500
Adjusted value
$1,823,621
Value range
$1,557,586–$2,089,657
Comp $/acre
$5,260/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.3% versus the adjusted value.
Offer position
Max allowable offer
$1,042,069
Offer $/acre
$3,006/ac
Projected profit
$547,086
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| IN-349070 | 356.9 | Jul 27, 2026 | $2,049,300 | 5,743 | 5,820 | 83 |
| IN-299289 | 418.2 | Jul 27, 2026 | $3,662,700 | 8,758 | 6,482 | 82 |
| IN-129452 | 470.6 | Jul 8, 2026 | $1,610,400 | 3,422 | 4,453 | 81 |
| IN-566064 | 40.4 | May 30, 2026 | $267,600 | 6,618 | 4,619 | 62 |
| IN-507369 | 104.1 | Aug 31, 2024 | $709,600 | 6,818 | 5,079 | 59 |
| IN-726127 | 42.3 | Dec 14, 2024 | $327,300 | 7,732 | 4,675 | 53 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.