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Clay County, KY · Sold

KY-488124

606 County Road 301

$581,400
$2,939/ac · 198 ac
Acreage198 ac
Price per acre$2,939/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyFlat
ListedAug 27, 2025
Coordinates37.1057, -83.6666
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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

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

View Clay market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands37.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

3,440 ft of deeded road frontage.

Power9,952 ft away

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

Buildable area116.70 of 197.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$658,038
$579,347$736,729 · $3,326/ac on 198 ac
Asking vs estimate
-11.6%
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 $581,400
Maximum allowable offer
$376,022
$1,901/ac · +30.0% target margin

You need $205,378 off asking to hit this margin.

All-in cost$407,984
Net resale$605,395
Projected profit$197,411
ROI+48.4%
Annualized+69.2%
Break-even resale$2,242/ac
Profit if resale lands off target
-20%
$76,332
-10%
$136,872
0%
$197,411
+10%
$257,950
+20%
$318,490
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-268579
Gravel · Power at road
275.1Jul 27, 2026$877,8003,1913,5223.7 mi
81
KY-897904
Gravel · Off grid
168.7Oct 26, 2025$441,0002,6143,0523.6 mi
80
KY-848013
Landlocked · Power at road
182.5Oct 2, 2025$402,3002,2043,2958.6 mi
75
KY-908898
Dirt · Off grid
346.6Dec 19, 2025$817,4002,3593,9051.8 mi
75
KY-169438
Gravel · Power at road
512.5Jul 27, 2026$1,397,9002,7283,6190.7 mi
75
KY-497185
Gravel · Off grid
100.2Sep 19, 2025$310,5003,0993,1738.9 mi
67
KY-566438
Gravel · Power at road
58.3Sep 8, 2025$192,2003,2952,5377.1 mi
65
KY-606817
Gravel · Off grid
76.8Feb 25, 2024$274,1003,5723,65010.8 mi
62
KY-456845
Dirt · Power at road
78.3Oct 26, 2024$222,6002,8422,8116.8 mi
59
KY-366541
Landlocked · Full utilities
62.8Aug 27, 2024$231,0003,6763,61111.2 mi
55
Show adjustment detail for the top comp
  • Tract size (275.06 ac → 197.82 ac)+9.8%
  • Access (Gravel → Paved)+18.0%
  • 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.