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Casey County, KY · Sold

KY-381193

8731 County Road 204

$4,000
$3,053/ac · 1.31 ac
Acreage1.31 ac
Price per acre$3,053/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedDec 27, 2023
Coordinates37.3481, -84.8695
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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

Casey County, Kentucky. Cave country and Appalachian hunting tracts with cheap owner financing.

View Casey market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
60
High risk
Wetlands27.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,014 ft away

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

Buildable area0.91 of 1.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,105
$4,655$7,556 · $4,661/ac on 1.31 ac
Asking vs estimate
-34.5%
Priced below the comp set

Weighted from 10 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 $4,000
Maximum allowable offer
$3,489
$2,663/ac · +30.0% target margin

You need $511 off asking to hit this margin.

All-in cost$3,786
Net resale$5,617
Projected profit$1,831
ROI+48.4%
Annualized+69.2%
Break-even resale$3,141/ac
Profit if resale lands off target
-20%
$708
-10%
$1,270
0%
$1,831
+10%
$2,393
+20%
$2,955
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-661538
Gravel · Power at road
1.7Jul 20, 2026$15,3009,0855,2871.8 mi
83
KY-271620
Paved · Full utilities
1.8Apr 23, 2025$20,60011,5904,9345.1 mi
75
KY-532211
Gravel · Full utilities
2.7Jun 25, 2026$30,00011,0015,3184.4 mi
74
KY-690478
Gravel · Power at road
0.8Jun 27, 2025$4,6005,8363,5155.3 mi
73
KY-761612
Dirt · Off grid
1.8Aug 9, 2024$5,5003,1142,6843.2 mi
71
KY-702222
Gravel · Power at road
2.8Apr 6, 2026$31,00011,2866,7184.4 mi
71
KY-461695
Paved · Power at road
1.9Nov 11, 2024$19,30010,2405,4181.8 mi
70
KY-190022
Dirt · Power at road
0.6Jun 17, 2026$3,6006,4094,3036.9 mi
70
KY-162657
Paved · Off grid
3.8Jan 8, 2026$22,1005,8723,5544.4 mi
68
KY-812746
Gravel · Off grid
4.0Apr 18, 2025$25,7006,4044,7217.7 mi
61
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Off grid)-15.0%

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.