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Casey County, KY · Sold

KY-866401

1581 County Road 232

$180,800
$3,184/ac · 56.78 ac
Acreage56.78 ac
Price per acre$3,184/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedFeb 20, 2025
Coordinates37.2433, -85.0098
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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

3 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands10.9% of tract

Little to no mapped wetland coverage.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area48.06 of 56.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$275,419
$210,054$340,784 · $4,851/ac on 56.78 ac
Asking vs estimate
-34.4%
Priced below the comp set

Weighted from 9 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 $180,800
Maximum allowable offer
$157,382
$2,772/ac · +30.0% target margin

You need $23,418 off asking to hit this margin.

All-in cost$170,759
Net resale$253,385
Projected profit$82,626
ROI+48.4%
Annualized+69.2%
Break-even resale$3,269/ac
Profit if resale lands off target
-20%
$31,949
-10%
$57,287
0%
$82,626
+10%
$107,964
+20%
$133,303
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-557033
Paved · Full utilities
89.8Jun 10, 2026$560,1006,2404,0172.6 mi
80
KY-736403
Paved · Off grid
56.9May 12, 2025$359,3006,3195,5058.8 mi
75
KY-856317
Landlocked · Full utilities
53.4Jun 15, 2024$214,9004,0214,3339.9 mi
75
KY-477557
Dirt · Power at road
131.2May 23, 2026$485,9003,7044,3998.9 mi
73
KY-367075
Dirt · Off grid
92.5Oct 12, 2024$510,0005,5127,5264.1 mi
67
KY-405525
Paved · Power at road
30.1Jan 7, 2025$151,0005,0183,3486.1 mi
64
KY-735327
Gravel · Power at road
26.1Apr 24, 2025$190,0007,2845,5458.8 mi
62
KY-568034
Dirt · Off grid
185.3Jun 26, 2025$583,1003,1465,0049.4 mi
58
KY-387890
Dirt · Off grid
167.0Jul 16, 2024$424,4002,5424,0787.8 mi
57
Show adjustment detail for the top comp
  • Tract size (89.75 ac → 56.78 ac)+10.9%
  • Access (Paved → Landlocked)-42.4%
  • Market time (2 mo)+0.8%

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.